L&G has completed a £250m private debt investment with Chesterfield-based Magnavale over a 10-year period.
Magnavale is a provider of temperature-controlled storage and value-added services for the food industry operating from four strategically located cold storage facilities.
The debt facility totals £500m, co-arranged by L&G and a US institutional investor. L&G invested on behalf of a number of internal and external client mandates, in a transaction which marks an expansion of the firm’s real estate debt portfolio into new logistics sectors.
James Spencer-Jones, head of real estate debt, UK & Europe, L&G, said: “I’m delighted to announce we’re expanding into cold storage within our real estate debt portfolio, in particular with a market-leading provider such as Magnavale. This investment provides an opportunity to support critical infrastructure within our supply-chains, to reduce food waste and potential supply shortages.”
Magnavale Ltd is owned by Sadel Group, a Luxembourg-based family office.
Andrew Lawrence, director, Sadel and Magnavale, said: “We are proud to partner with L&G and our US institutional co-investor to support Magnavale’s continued growth. Their backing is a strong endorsement of both our strategy and the critical role that cold chain infrastructure plays in securing the future of the UK’s food supply chain.
“This investment reinforces Sadel’s approach of building best-in-class operations and prioritising efficiency through targeted, long-term investment. This partnership enables us to accelerate our expansion, enhance resilience across our national network, and deliver energy-efficient, future-ready facilities that meet the evolving needs of our customers and the wider economy.”
The lender group was advised by Clifford Chance and CBRE. Macfarlanes advised the company.
In February 2025, Magnavale opened the UK’s largest single cold store, with 101,000 fully automated pallet spaces at it’s Easton site. In addition to this, the company has recently upgraded its other facilities across Chesterfield, Scunthorpe, and Warrington.
