Acquisition of new primary ca

RNS Number : 7990O

The MedicX Fund Limited

05 July 2010

 



For immediate release                                                                                                          5 July 2010

MedicX Fund Limited

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

Acquisition of new primary care medical 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 it has acquired a completed primary care medical centre with separate pharmacy building in Boston, Lincolnshire which was built in 2004.

The total acquisition cost of the property is £3.3 million. The property is leased to two GP tenants and Lloyds Pharmacy for the remaining 14 years of the leases. All leases provide for five-yearly upward only rent reviews to open market value.

The MedicX Fund's total property portfolio now comprises 56 properties throughout the United Kingdom of which 48 are complete, three are under construction and five have yet to commence construction.  The annualised rent roll for all properties is now £13.0 million.   

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For further information please contact:

Buchanan Communications                                              [phone]

Charles Ryland/George Prassas

MedicX Group                                                                [phone]

Keith Maddin, Chairman

Mike Adams, Chief Executive Officer

Mark Osmond, Chief Financial Officer

MedicX Fund                                                                  [phone]

David Staples, Chairman

Information on MedicX Fund Limited

MedicX Fund Limited ("MXF", 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 56 properties.

The Investment Adviser to the Company is MedicX Adviser Ltd, which is authorised and regulated by the Financial Services Authority and is a subsidiary of the MedicX Group. The MedicX Group is a specialist investor, developer and manager of healthcare properties with 34 people operating across the UK.  

The Company's website address is www.medicxfund.com. 

 

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