Walls & Futures REIT aims for long-term secure income

  • Walls & Futures REIT says unsolicited offer from Virgata Services has now lapsed
  • Walls & Futures REIT happy to redeploy capital to meet supported housing need

Quick facts: Walls & Futures REIT PLC


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Walls & Futures is an Ethical Housing investor and developer on a mission to address the unfulfilled demand for specialist social housing in the UK.

The company designs, funds and develops specialist social housing which is let on Full Repairing and Insuring (FRI), inflation-linked leases to local authorities, registered providers and charities.

This creates value for the company’s shareholders along with long-term, government-funded and index-linked secure income.

06 Jul 2021

(), an ethical housing investor and developer, said an unsolicited takeover offer from Virgata Services Ltd has now lapsed.

Walls & Futures said it can “now draw a line under this unfortunate distraction” after the offer was overwhelmingly rejected by its shareholders.

“The board wishes to thank our shareholders for their trust and support,” it said. “We now look forward to delivering our growth plans as outlined in our response document and building high quality, design led, specialist supported housing for children and adults with autism.”

The supported housing specialist had called the 50p per share offer opportunistic.

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09 Jun 2021

(), an ethical housing investor and developer, said it has joined P1 Investment Management’s Net-Zero Carbon target as part of its Ethical Investment Policy rollout.

The NZC10 target was devised by P1 Investment Management with guidance from climate scientists and an external Ethical Oversight Committee. It seeks to directly focus investment on carbon-neutrality by fund managers concerned about ethical and sustainability issues.

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03 Jun 2021

() has again urged shareholders to take no action on the bid from Virgata Services after noting the initial level of support.

At the first closing date, Virgata received 9.13% acceptances and the WAFR board said it was delighted so few shareholders had accepted.

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17 Jun 2020

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 property market. The company has just sold a property in Wimbledon and intends to re-deploy the proceeds into supported housing. McTaggart adds the trust’s recently completed Oxford development is almost a blueprint for how supported development projects should look in future. “It’s state-of-the-art,” he says and reflects the company’s build your own ethos. That way you get a better quality product, pricing and yields, he says.

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Walls & Futures REIT continue transformation to target ‘gold standard…

Walls & Futures REIT PLC’s (LON:WAFR) Joe McTaggart talks to Proactive London about the significance of it’s net asset value rise to GBP3.96mln as at the end of September 2020, up from GBP3.30mln a year earlier.

More presently McTaggart explains the importance of selling their leasehold…

on 14/1/21

2 min read


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