en.Wedoany.com Reported - McGoff Group Projects, based in Altrincham, UK, has recently secured a £15 million investment from AJ Bell founder Andy Bell and former director Fergus Lyons. The funding will be used to support the expansion plans of the group's emerging senior living business, Dunham Care.
Dunham Care is a newly established venture by McGoff Group Projects, built upon the success of its predecessor, New Care. The assets of New Care were previously sold for a total of £275 million to HCP, Octopus Health Fund, and Lovett Care. This year, Dunham Care's first property has already opened in Kent, UK. Currently, two further facilities are under construction: a 51-bed care home on the former Bowdon Mercure Hotel site in Trafford, and a 70-bed complex near Morley Drive in Congleton. The business also has eight more projects in its pipeline at various planning stages, and the £15 million injection will help advance these plans.
Chris McGoff, Director of McGoff Group, said: "This is a tremendous vote of confidence from Andy and Fergus in what we are doing, at an exciting time for our market." He believes that with demographic pressures driving demand and older, inefficient facilities closing due to tighter regulatory compliance, rising energy and staffing costs, the need for new-generation care homes is stronger than ever. He added that recent large-scale investment activity in the sector—including Welltower's acquisition of Barchester, believed to be the world's largest care home deal—underscores the market's continued confidence in the UK care sector and its long-term growth potential.
Andy Bell explained the rationale behind choosing to partner with McGoff Group. He stated: "We have spent a lot of time evaluating operational real estate markets and believe backing experienced developers who can consistently deliver high-quality, income-producing assets represents a highly attractive opportunity." Bell noted that McGoff Group has a strong track record in originating, developing, and operating care-focused platforms, as evidenced by the success of New Care, and that Dunham Care offers a clear opportunity to build on this at scale. Bell also mentioned interest in McGoff Group Projects' work beyond care homes, including its build-to-rent and childcare projects. Bell said: "The underlying demand drivers in senior living, rental housing, and childcare are structural and long-term. Our investment reflects confidence in the management team and the group's ability to execute a disciplined, repeatable growth strategy in the years ahead."
A key figure in facilitating this investment was Jonnie Whittle, founder of Major Oak, who introduced Lyons and Bell to McGoff Group.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
