Co-Chairman and Senior Partner
Penny is Co-Chairman and Senior Partner of Allen & Gledhill, and heads the Firm’s Corporate Real Estate Practice.
She is a pioneer in Singapore’s real estate investment trusts (REITs) market and recognised as an outstanding name in the real estate industry with extensive experience advising on acquisitions, divestments, joint developments and complex real estate structures, having led on many of the markets’ most significant transactions.
She had originated and advised on the first Singapore REIT listed on the Singapore Exchange (CapitaMall Trust), the first Singapore REIT with all overseas assets (Fortune REIT), the first Singapore REIT with Pan-Asia logistics assets (Mapletree Logistics Trust) and the first Singapore REIT with hospitality assets (CDL Hospitality Trusts).
More recently she played a key role in advising on almost all of the landmark commercial buildings that frame the Marina Bay skyline.
Her Asia Pacific experience includes regional investments and joint ventures in Japan, Indonesia and China.
Penny is recognised for her “extensive experience in corporate real estate including a focus on REITs work” by The Legal 500 Asia Pacific. Chambers Asia-Pacific describes her as a market leader, “innovative, creative and able to meet her clients’ needs” with “an impressive clientele of corporations, investors and private equity property funds on a full range of real estate mandates”.
She is an Honorary Legal Advisor to the Real Estate Developers’ Association of Singapore (REDAS).
She is a Non-Executive Director and Chairman of Keppel REIT Management Limited, the manager of Keppel REIT, the Lead Independent Director of Mapletree Logistics Trust Management Ltd, manager of Mapletree Logistics Trust and she chairs both their Nominating and Remuneration Committees. Penny is also an Independent Director of HSBC Bank (Singapore) and a member of its Audit and Risk Committees.