Walls & Futures is an Ethical Housing REIT providing homes for some of the most vulnerable people in society.

 
We strive to make a difference by delivering homes that are adapted to meet the needs of each individual, enabling them to lead more fulfilling lives. Collaborating with our customers and strategic partners we design, fund, build and deliver quality homes throughout the UK. 
 
We are a Real Estate Investment Trust (REIT) and are quoted on the NEX Growth Exchange (Ticker: WAFR)

 

Mission

“To address the chronic undersupply of social housing by delivering quality homes
to meet the needs of the most vulnerable people in society within a sustainable funding framework

 

Financial target

Our financial target is to deliver a long-term annual net return of 7-9% of which 3-4% will be paid in the form of a dividend.

Strategy

We are building a portfolio of high yielding residential properties let on long term leases, with rents increasing in line with inflation, to quality tenants including charities and housing associations. Rather than acquire existing portfolios, we will continue to originate investments, dealing directly with Local Authorities, Housing Associations and Charities enabling us to directly add capacity and ensure the quality of the homes delivered.

 

Walls & Futures REIT plc do not have any involvement with care delivered within the properties, this is managed by care providers approved by local authorities.

strategy-icon-invest

Acquire properties on the open market which will be redeveloped and adapted. Homes can be delivered quickly.

strategy-icon-new

Preferred long term option as it enables the provision of homes rather than having to compromise as in the secondary market.  Depending on the timescales for delivery we can look at standard and modular design.

strategy-icon-existing

It is not our preferred approach as we we cannot fully vouch for the quality of the properties and their suitability, yields tend to be lower and we are not making a direct impact in creating much needed capacity.

Our team

Joe McTaggart

David White

Our History

2008 – Walls & Futures Founded

 
Founded by Joe McTaggart as an asset management company providing advice and sourcing high yielding properties across the UK for High Net Worth private clients.
 

2011 – Launch of the Walls & Futures London Growth Fund

The investment focus was to generate a capital return by acquiring, developing and renting residential properties in the London private rented sector (PRS). During the following 5 years the fund went onto build a portfolio in South West London which generated an un-leveraged, compounded net return of 7% per annum. The fund provided an indirect way for Hight Net Worth and SIPP/SASS clients to invest in London property.

2016 – Walls & Futures REIT plc formed

Building on its success, the management team and investors elected to restructure the company and the London Growth Fund to create Walls & Futures REIT plc. We raised £1.025m in new equity and were admitted to trading on the NEX Exchange in November 2016 (Ticker: WAFR). The NEX Exchange provided us with a cost effective platform to support future growth, access to capital and liquidity together with the regulatory framework for REIT status.

 

2017 (May) – First Supported Housing Property

We complete on our first residential investment in the Supported Housing sector. A freehold, detached grade two listed building, in the Cotswold market town of Stroud, for £475,000 which is redeveloped to provide a high quality home and specialist support to six adults with physical & learning disabilities and/or mental health needs. It is  let on a 25-year full repairing and insuring lease, with rents adjusted annually in line with inflation (CPI), to one of the UK’s leading care providers who has more than 50 years of experience and expertise in the sector and currently supports more than 2,500 adults nationwide. 

 

2017 (October) – Granted membership to Social Stock Exchange

We complete on our first residential investment in the Supported Housing sector. A freehold, detached grade two listed building, in the Cotswold market town of Stroud, for £475,000 which is redeveloped to provide a high quality home and specialist support to six adults with physical & learning disabilities and/or mental health needs. It is  let on a 25-year full repairing and insuring lease, with rents adjusted annually in line with inflation (CPI), to one of the UK’s leading care providers who has more than 50 years of experience and expertise in the sector and currently supports more than 2,500 adults nationwide.

2018 (February) – We join MSCI IPD UK Residential Property Index

The index measures unleveraged total returns of directly held standing property investments. As of December 2016, it tracked the performance of 11,201 residential property investments, with a total capital value of £12.1 billion. The index offers, our shareholders and those considering investing, a transparent and meaningful method of comparing our absolute and relative performance with that of the index and our larger peers.

 
 
 

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