Sue-Ann Phay is a Partner in the Mergers & Acquisitions Practice.

Her main areas of practice involve mergers and acquisitions, covering both public and private transactions, private equity investments, and general corporate and commercial transactions, as well as corporate governance and compliance and corporate advisory.

Sue-Ann spent some years as in-house counsel at a property company listed on the Mainboard of the Singapore Exchange Securities Trading Limited, an experience she credits as giving her front-line business experience and a greater appreciation and practice of commercial acumen and business realities.

Sue-Ann graduated from the University of Nottingham and is admitted to the Singapore Bar.

Significant transactions that Sue-Ann has been involved in include advising / acting for the following:

  • CLI Singapore Pte. Ltd., a wholly-owned subsidiary of CapitaLand Investment Limited, being the sponsor of CapitaLand Integrated Commercial Trust ("CICT"), in connection with the sale of 100% of the shares of CapitaLand Retail Singapore Investments Pte. Ltd., a company which holds an indirect 50% interest in the property known as ION Orchard, an eight-storey iconic premium destination mall located at the gateway of Singapore's renowned Orchard Road at an agreed property value of S$1.85 billion to CICT.
  • The manager of ALOG Trust, a sub-trust of ESR REIT and a new fund managed by ESR Group in the indirect acquisition of the shares in Tuas South Avenue Pte Ltd, the head lessee of a JTC property located at 20 Tuas South Avenue 14 Singapore comprising a high-specifications manufacturing facility 100% leased to REC Solar Pte. Ltd. and a new Green Mark Platinum certified ramp-up logistics warehouse leased to various blue-chip multi-national tenants at a total consideration of approximately $840 million.
  • City Developments Limited ("CDL") in the disposal of its 50.1% interest in Scottsdale Properties Pte. Ltd. (which indirectly holds the subsidiary which is the registered proprietor of the leasehold strata properties (excluding the residential strata title properties) forming part of the South Beach mixed-use development to CDL’s joint venture partner, IOI Consolidated (Singapore) Pte. Ltd., a subsidiary of the IOI Properties Group at an agreed property value of S$2.75 billion.
  • Keppel Ltd., through its real estate division, in the divestment of its interests in the property known as "i12 Katong" at 112 East Coast Road, a suburban retail mall in Singapore located at 112 East Coast Road to Altallo Holdings Pte. Ltd. for approximately $372 million.

Related Practices

  • Corporate Governance and Compliance
  • Mergers & Acquisitions

Contact Details

Qualifications

University of Nottingham (LL.B., Hons.)

Singapore Bar

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