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.