DJ Walls & Futures REIT PLC Sale of Property
RNS Number : 8275P
Walls & Futures REIT PLC
12 June 2020
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
12 June 2020
WALLS & FUTURES REIT PLC
("Wall & Futures" or the "Company")
Sale of Property
Walls & Futures announces Wimbledon Park disposal
Walls & Futures REIT plc ("WAFR") the Ethical Housing Investor and developer announces that it has completed on the sale of its freehold property in Wimbledon Park for GBP656,000 before costs which reflects a 2.9 per cent discount to its valuation, as included in the annual valuation dated 31 January 2020, as announced on 11 February 2020.
Joe McTaggart, CEO of Walls & Futures REIT plc said:
"We are delighted to have completed the transaction despite the challenging economic backdrop and highlights the underlying strength of our London residential portfolio.
We will continue to review our assets in the Private Rental Sector with a view of recycling the capital to make further investments in Specialist Supported Housing."
For further information, contact:
Walls & Futures REIT PLC 0333 700 7171
Joe McTaggart, Chief Executive
Allenby Capital Limited (Corporate Adviser)
Nick Harriss/James Reeve 020 3328 5656
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(END) Dow Jones Newswires
June 12, 2020 06:00 ET (10:00 GMT)