KUALA LUMPUR: CapitaLand Commercial Trust, Singapore’s biggest office landlord, is among suitors in talks about a potential acquisition of the Duo office and retail development in the city, sources said.
The real estate investment trust (REIT) has been negotiating the purchase of a 39-storey office building called Duo Tower, along with the connected Duo Galleria mall, according to the sources. The property could be valued at more than S$1.5bil (RM4.52bil), a source said.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!