J3 arranges insurance deal on £55m McGoff resi scheme

Grant Prior 7 months ago
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Independent insurance and finance advisory J3 has sourced and placed the building warranty insurance policy for McGoff Construction’s 237-unit residential scheme on Rochdale Road, Manchester.

Part of Manchester City Council’s Victoria North Strategic Regeneration Framework, this £55 million development will fall under the McGoff Group’s ‘Downtown’ brand and will encompass 237 homes, including a variety of one, two, and three-bedroom apartments. Additionally, there will be duplex apartments, some of which will feature garages and storage spaces, along with a private driveway.

McGoff has previously always collaborated with prominent national brokers for insurance on its projects.

But it decided to partner with J3 Advisory following a recommendation from cost consultancy and project monitoring firm Dalbergia.

Head of Business Development Daisy Neall said: “We are delighted to have obtained A-rated coverage for a project of this scale. The policy with Thomas Miller Specialty Construction, underwritten by Aviva underscores J3’s commitment to providing robust insurance solutions for large-scale BTR & PBSA developers, backed by A-rated providers and on a full reinstatement value basis.”

The ten year insurance policy will provide cover for damage as a result of defective design, workmanship, or materials.

Since its establishment in 2021, J3 Advisory has placed structural warranty insurance for over 5,000 units across the UK, encompassing residential, BTR, PBSA, and commercial developments.

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