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LONDON - Walls & Futures REIT PLC (AQSE:WAFR) announced Wednesday that its Chief Executive Officer, Joseph McTaggart, has purchased additional shares in the company. Following these transactions, McTaggart now holds 127,672 ordinary shares, representing 3.40% of the company’s issued share capital.
The CEO acquired 1,869 ordinary shares at a price of £0.23 per share, according to the regulatory filing.
In a statement accompanying the announcement, McTaggart indicated that Walls & Futures is transitioning to an evergreen investment company structure. The company plans to partner with institutional investors for co-investments in commercial and real estate opportunities across the UK and Western Europe.
The firm has established a target net return of 12% IRR over a rolling five-year period, focusing on sectors including industrial and logistics, living spaces, and life science innovation. The company will primarily target value-add opportunities in high-quality locations.
The announcement comes as Walls & Futures aims to create what it describes as enhanced liquidity options for investors while adopting a more direct investment approach in property markets.
Trading in Walls & Futures shares takes place on the Aquis Stock Exchange. The information was disclosed in a regulatory announcement based on a company press release statement.
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