Acquisition

RNS Number : 7697G

The MedicX Fund Limited

03 July 2012

 



For immediate release

03 July 2012

MedicX Fund Limited

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

Acquisition of a 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 contracted to forward fund a refurbishment of a primary care medical centre as well as an extension to provide a new pharmacy in Middlewich, Cheshire, with practical completion expected in December 2012.

The property will be let to one GP practice on the basis of a 25 year lease, subject to three-yearly rent reviews to RPI and a pharmacy by way of a 21 year lease, subject to three-yearly rent reviews to RPI. The total acquisition cost of the property is anticipated to be £1.9 million.

The MedicX Fund's total property portfolio now comprises 74 properties throughout the United Kingdom of which 63 are complete and 11 are under construction. The annualised rent roll for all properties is now £18.4 million.  

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For further information please contact:-

Buchanan                                                                                  [phone]

Charles Ryland/Gabriella Clinkard

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 74 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 27 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) are incorporated into, or forms part of, this announcement.

 

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