CapitaLand Commercial Trust (SGX:C61U) is among suitors in talks about a potential acquisition of the Duo office and retail development in the city, people with knowledge of the matter said. CapitaLand has been negotiating the purchase of Duo Tower, along with the connected Duo Galleria mall, according to the people. The property could be valued at more than SGD 1.5 billion ($1.1 billion), one of the people said, asking not to be identified because the information is private. Other parties also remain interested in the asset, the people said. The project’s owner is separately seeking a buyer for the hotel portion of the development in a deal that could fetch as much as SGD 500 million, according to the people. The development is owned by M+S Pte. Ltd. a joint venture set up by Khazanah Nasional Berhad and Temasek Holdings (Private) Limited. No final agreements have been reached, and there’s no certainty the talks will result in a transaction, the people said. A representative for the manager of CapitaLand Commercial Trust said it “continually evaluates opportunities” that have a strategic fit with the REIT and can create value. A representative for M+S declined to comment.