Puma pumps £13m into Trafford care home, kids’ nursery
McGoff Group and Patrick Properties’ transformation of the former Mercure Hotel has received a financial boost in the form of a loan from Puma Property Finance.
Puma’s £13m debt facility will enable the delivery of a 51-bed care home and 90-place children’s day nursery on the Bowdon site by the junction of Langham Road and Marlborough Road.
The two buildings will be next to each other, with the idea that the two generations will spend time together regularly – whether that’s through the older residents participating in reading sessions with the kids or the children making a newsletter for their elderly neighbours.
The loan from Puma will enable construction to start, with an aim to complete the care home in December 2024 and the nursery in February 2025.
McGoff will operate the care home facility through its New Care brand, while McGoff’s Back to the Garden Childcare branch will run the nursery.
This is the ninth project for Puma and McGoff. The investor and developer also worked together on a similar scheme in Lymm, which included a mixture of retirement apartments, extra care homes, and a children’s nursery on a former hotel site.
Citing the success of the Lymm project, Puma praised the intergenerational aspect of the Bowdon scheme.
“The benefits of interaction between generations have come to the forefront increasingly in recent years and the McGoff Group has a proven track record following its first multigenerational development in Lymm,” said Puma director Tony Throp.
“We’re looking forward to this scheme coming to life late next year and seeing the positive impact it will have on the care residents, children and community.”
Chris McGoff, principal at McGoff Group, expressed his thanks for the debt facility.
“Thanks to [Puma’s] support, we will be able to transform the derelict hotel site into a thriving space for children and the older generation to enjoy,” McGoff said.
“As always, we have found the Puma team to be extremely proactive throughout the process, engaging with us in a truly collaborative manner. We hope this development and future developments follow the success of our recent blueprint multigenerational scheme in Lymm and continue to bring positivity and enjoyment to the residents.”
The McGoff and Patrick Properties scheme in Bowdon was designed by Corstorphine & Wright, with Garner Town Planning, DEP Landscape Architecture, Clancy Consulting, Beardmore Urban, and SCP Transport rounding out the project team.
You can learn more about the project by searching 107877/FUL/22 on Trafford Council’s planning portal.