Acquisition

RNS Number : 6793M

The MedicX Fund Limited

19 September 2012

 



For Immediate Release

19 September 2012

MedicX Fund Limited

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

Acquisition of new 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 contracted to acquire a new primary care medical centre in Scholar Green, Cheshire, which is due to be completed in May 2013. 

The property will be let to one GP practice, by way of a 25 year lease, subject to three-yearly rent reviews to RPI. The total acquisition cost of the property is anticipated to be £2.6 million.

The MedicX Fund's total property portfolio now comprises 107 properties throughout the United Kingdom of which 96 are complete and 11 are under construction. The annualised rent roll for all properties is now £24.7 million.

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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/Gabriella Clinkard

MedicX Fund Limited                                                       [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 107 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 30 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.

 

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