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McGoff Group reveals £125m healthcare and residential contract haul

McGoff Group Downtown Manchester

McGoff Group has revealed a £125m haul of healthcare and residential contracts across the North-west and the Midlands.

The Altrincham-based contractor’s largest win is the £75m Downtown residential scheme (pictured) led by its development arm Villafont Homes, which includes one, two and three-bed apartments on the banks of river Irwell near Manchester city centre.

The development will also include a gym, spa, cafe and business centre.

In the healthcare sector, McGoff has also secured deals worth a total of £50m across four individual care homes in Lytham, Sale, Chester and Nottingham.

Construction is already under way at the £10m 57-bed care facility, while the group has signed a forward funding agreement with client Octopus Healthcare to develop a £12.5m care home in Lytham.

In Chester, planning permission has been granted for a £15m 77-bed care facility, with construction set to begin in August this year.

The final scheme in Nottingham, worth £12.5m, is a sale and leaseback deal again with Octopus Healthcare for the group’s recently completed 82-bed care home.

The company’s main board director Dave McGoff said the firm, which reported a turnover of £40.5m for the year to 31 March 2015, had secured construction work of nearly £150m in its order book.

He said the firm’s “one-stop-shop” approach to development and building had led to “a surge of investment interest from lending institutions” in the company.

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