THIS ANNOUNCEMENT CONTAINS INSIDE
INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE
(AMENDMENT) (EU EXIT) REGULATIONS 2019/310.
9 August 2024
WALLS & FUTURES REIT
PLC
(“Walls & Futures” or the
“Company”)
Company Update
Walls & Futures REIT plc (Ticker: WAFR), the Ethical Housing Investor
and Developer, provides the following update on recent
developments.
Over the last three months, we have been working with several
parties to engage with institutional investors who focus on the
infrastructure and real estate sectors.
The announcement of a general election on 22 May 2024 caught
most by surprise. It understandably paused the progress we were
making until the outcome in July.
Fortunately, the government has been swift in outlining its
plans and focusing on investing in social infrastructure. An
overhaul of the planning system has been announced. Councils in
England will be given mandatory housing targets, which, through
local plans, will deliver 1.5 million more homes and associated
infrastructure.
Due to the current state of the public finances, there is an
anticipated need to partner with the private sector. We hope our
social infrastructure focus, which includes affordable housing
coupled with our ethically focused investment approach, will
resonate with both investors and the government.
We will pick up the process in earnest after the August
holidays. However, the scale and ambition of the fundraising will
need to increase, which will necessitate further permission to
issue more equity than we had previously sought.
The nature of this process is sensitive; however, we will
endeavor to share further details of our progress over the coming
months, following the publication in September of our annual report
and accounts for the year ending 31 March 2024.
For further information, contact:
Walls & Futures REIT
PLC
0333 700
7171
Joe McTaggart, Chief Executive
Website www.wallsandfutures.com
Allenby Capital Limited (Corporate
Adviser)
Nick Harriss/James Reeve 020 3328
5656