Walls & Futures REIT PLC sells residential property at 1.9% premium
The sale is in line with the company’s strategy to sell its private rental sector portfolio and reinvest the proceeds into specialist supported housing.
Walls & Futures REIT PLC (AQSE:WAFR), the ethical housing investor and developer, has completed on the sale its residential property in Southfields for £662,500.
The sale price reflects a premium of 1.9% to its valuation as dated 31 March 2020.
“We are actively looking to reinvestment in Specialist Supported Housing opportunities which have to date increased our net asset value and revenue,” said Joe McTaggart, the chief executive officer of the real estate investment trust (REIT).
“We are finalising the marketing materials for our housing solution for individuals with Autistic Spectrum Disorder (ASD) which will launch in the new year,” he added.
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