Disposal of three primary healthcare centres

RNS Number : 5265J

The MedicX Fund Limited

12 June 2014

 



Press Release

For immediate release                                                                                    

12 June 2014

MedicX Fund Limited

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

Disposal of three primary healthcare centres

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 sold three primary care medical centres for a total price of £4.3 million, at the combined valuation of the properties as at 31 March 2014. 

These properties were acquired as part of the portfolio acquisition announced on 12 March 2014, and were subject to options to sell with a connected party to the vendor of the portfolio.  A fourth property which was also subject to an option has been retained.

The MedicX Fund's total property portfolio now comprises 131 primary care properties of which 126 are operational and fully let, with five under construction. The Fund's total annualised rent roll for all properties is now £31.4 million.

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For further information please contact:

MedicX Fund                                                                  [phone]

David Staples, Chairman

MedicX Group                                                                [phone]

Keith Maddin, Chairman

Mike Adams, Chief Executive Officer

Mark Osmond, Chief Financial Officer

Canaccord Genuity Limited                                              [phone]

Andrew Zychowski / Helen Goldsmith

Buchanan                                                                      [phone]

Charles Ryland / Sophie McNulty

Information on MedicX Fund Limited

MedicX Fund Limited (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 131 primary healthcare 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 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), nor the contents of any website accessible from hyperlinks within this announcement, are incorporated into, or forms part of, this announcement.

 

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