Acquisition of new primary ca

RNS Number : 6962P

The MedicX Fund Limited

21 July 2010

 



For immediate release

21 July 2010

MedicX Fund Limited

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

Acquisition of new primary care medical centre in Clapham, London

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 contracted to acquire a primary care medical centre in Clapham, London that is due to complete construction in the second half of 2011.

The total acquisition cost of the property is £6.9 million. The property is leased to a GP tenant for 20 years.  The lease provides for three-yearly rent reviews to open market value.

The MedicX Fund's total property portfolio now comprises 57 properties throughout the United Kingdom of which 48 are complete, four are under construction and five have yet to commence construction.  The annualised rent roll for all properties is now £13.4 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 57 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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