Completion of Lytham Primary

RNS Number : 6132S

The MedicX Fund Limited

21 May 2009

 



For immediate release                                                                                                             21 May 2009

MedicX Fund Limited

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

Completion of Lytham Primary Care Centre

MedicX Fund, (LSE: MXF) (the 'Company'), the specialist primary care infrastructure investor in modern purpose built primary healthcare properties in the United Kingdom, today announces that it has successfully

completed the development of Lytham Primary Care Centre, Lytham. 

The property (the largest in the portfolio at over 4,800m2 gross internal area) is let to two GP surgeries, North Lancashire Teaching PCT and MedicX Pharmacy for an initial term of 20 years. The aggregate rent from all leases totals £800,474 per annum and at 31 March 2009 the property was valued by King Sturge LLP at £11.9m.

The total property portfolio now comprises 46 properties throughout the United Kingdom of which two are under construction.

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For further information please contact:

MedicX Fund                                                                  [phone]

David Staples, Chairman                     

MedicX Group                                                                 [phone]

Keith Maddin, Chairman

Mike Adams, Managing Director

Buchanan Communications                                               [phone]

Charles Ryland / Mary-Jane Elliott / Miranda Higham

 

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