June 28, 2016 (London) – International law firm Proskauer advised Hong Kong-listed Magnificent Real Estate on its recent acquisition of Travelodge London Kings Cross, from Henderson Global Investors.

King Express Development, a wholly owned subsidiary of Magnificent, agreed to buy the six story, 408-room Travelodge London Kings Cross for £70 million. This marks their first acquisition in the Capital, following numerous investments in Asia’s hotel and property market.

The deal was led by Private Equity Real Estate partner Joanne Owen, who joined Proskauer in London just last month. She was assisted by associate Natalie Milnes. Jo has been involved in a number of landmark real estate transactions in the UK and internationally, advising on acquisitions, disposals, joint ventures, developments and redevelopment schemes.