Acquisition of a new primary healthcare centre

RNS Number : 3332V

The MedicX Fund Limited

12 December 2013

 



For immediate release

12 December 2013

MedicX Fund Limited

("MedicX Fund", "the Fund" or "the Company")

Acquisition of a new primary healthcare centre

MedicX Fund, (LSE: MXF), the specialist primary care infrastructure investor in modern, purpose-built, primary healthcare properties in the United Kingdom, is pleased to announce that it has contracted to acquire, by way of a forward funding agreement, a new primary care medical centre in Buckley, Flintshire. The property is due to be completed in February 2015. 

The property will be let to the Health Board, two GP practices and a pharmacy.  All tenants will take 20 year leases subject to three-yearly rent reviews.  The total acquisition cost of the property is anticipated to be £7.6 million.

The MedicX Fund's total property portfolio now comprises 122 properties throughout the United Kingdom of which 111 are complete and 11 are under construction. The annualised rent roll for all properties is now £29.3 million.

- End -

For further information please contact:

MedicX Group                                                                [phone]

Keith Maddin, Chairman

Mike Adams, Chief Executive Officer

Mark Osmond, Chief Financial Officer

Buchanan                                                                      [phone]

Charles Ryland / Sophie McNulty

MedicX Fund                                                                  [phone]

David Staples, Chairman

Information on MedicX Fund Limited

MedicX Fund Limited ("MXF", "MedicX Fund", "the Fund" or "the Company", or together with its subsidiaries, the "Group") is the specialist primary care infrastructure investor in modern, purpose-built primary healthcare properties in the United Kingdom, listed on the London Stock Exchange, with a portfolio comprising 122 properties.

The Investment Adviser to the Company is MedicX Adviser Ltd, which is authorised and regulated by the Financial Conduct Authority and is a subsidiary of the MedicX Group.  The MedicX Group is a specialist investor, developer and manager of healthcare properties with 31 people operating across the UK.

The Company's website address is www.medicxfund.com. Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

 

END

 

 

ACQDFLFFXLFXFBF