Information  X 
Enter a valid email address

MedicX Fund Ltd (C) (MXFC)


Wednesday 08 August, 2007

MedicX Fund Ltd (C)

Acquisition Completion

The MedicX Fund Limited (C)
08 August 2007

For immediate release                                              8 August 2007

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

                             Acquisition Completion

MedicX Fund, (LSE: MXF, LSE: MXFC), the specialist investor in modern purpose
built primary healthcare properties, today announces that it has completed the
acquisition of a medical centre at Istead Rise which was completed in June 2007
and entered into a forward funding agreement to acquire a medical centre at
Warwick which is due to be completed by April 2008.  The total acquisition cost
of the two properties is anticipated to be £4.215 million. The aggregate rent of
the two properties is £254,975 and DTZ Debenham Tie Leung, valuers to the MedicX
Fund, have valued the properties at £4.375 million net of 5.75% purchaser costs.

Both these properties form part of the C share portfolio.  The total property
portfolio now comprises 41 properties: 35 Ordinary Share properties of which
three are under construction, and 6 C Share properties, of which two are under


For further information please contact:

MedicX Fund                                                  +44 (0) 1481 723450
Alison Simpson, Director

MedicX Group                                                 +44 (0) 1483 869500
Keith Maddin, Chairman
Mike Adams, Managing Director

Buchanan Communications                                     +44 (0) 20 7466 5000
Charles Ryland / Lisa Baderoon / Mary-Jane Johnson

                      This information is provided by RNS
            The company news service from the London Stock Exchange             RBARWRRR                                                                                                                                                                                                                                                       

a d v e r t i s e m e n t