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Walls & Futures REIT aims for long-term secure income

Snapshot

  • Walls & Futures sees need for supported housing
  • Portfolio has outperformed MSCI UK Residential Property Index for two years
  • Strong pipeline of projects
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Quick facts: Walls & Futures REIT PLC

Price: 59.5 GBX

AQSE:WAFR
Market: AQSE
Market Cap: -
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What Walls & Futures REIT does:

Walls & Futures REIT Plc (LON:WAFR) is an ethical housing REIT focused on developing supported housing and extra care homes.

The firm aims to generate long-term secure income by addressing the UK’s social housing needs.

As opposed to buying ready-made portfolios, Walls & Futures collaborates with local authorities, charities and housing associations to understand their needs before going out to the market to build new homes or acquire properties for redevelopment.

Walls & Futures does not provide the care, just the homes, which are then taken on by the local authority, housing association or charity to manage.

Through its own development, Walls & Futures can generate a profit, which protects and increases net asset value.

 

How it's doing

In June the firm sold a freehold property in Wimbledon Park for £656,000 and with plans to re-deploy the proceeds into supported housing. 

According to the investment trust, coronavirus has highlighted the importance of this type of housing, as properties are on long-term contracts there has been less disruption than seen in other areas of the commercial property market. 

The trust’s recently completed Oxford development is almost a blueprint for how supported development projects should look in future, according to chief executive Joe McTaggart.

"It’s state-of-the-art... and reflects the company’s build your own ethos. That way you get a better quality product, pricing and yields," he told Proactive.

 

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Walls & Futures REIT happy to redeploy capital to meet supported housing need

Joe McTaggart, chief executive of Walls & Futures REIT PLC (LON:WAFR), says coronavirus has highlighted the importance of supported housing. There is a huge need, he adds, and as properties are on long-term contracts there has been less disruption than seen in other areas of the commercial...

on 17/6/20

2 min read