Walls & Futures REIT PLC Provides Company Update

Walls & Futures REIT PLC, listed under the ticker WAFR, has provided an update on recent developments. The company, known for its ethical housing investments and developments, shared insights into its recent activities and future plans.

Over the past three months, Walls & Futures has engaged with institutional investors specializing in infrastructure and real estate. Progress was temporarily halted due to the unexpected announcement of a general election on 22 May 2024. However, the government has since outlined its plans to invest in social infrastructure, including an overhaul of the planning system.

The new plans mandate English councils to deliver 1.5 million more homes and associated infrastructure. Given the state of public finances, there is an expected need for private sector partnerships. Walls & Futures aims to align its social infrastructure focus and ethical investment approach with these governmental goals.

Following the August holidays, the company plans to intensify its fundraising efforts, potentially requiring permission to issue more equity. More details are anticipated after the publication of the annual report and accounts for the year ending 31 March 2024, expected in September.