LONDON (Alliance News) - MedicX Fund Ltd said Friday it has agreed to acquire a new primary healthcare medical centre in Mullingar, Westmeath, Ireland which is due to be completed in August next year.
The acquisition will be made by way of forward funding for a total cost of EUR10.1 million.
The development will be let to a number of general practitioners and the Health Service Executive, the Irish equivalent to the National Health Service.
MedicX expects to acquire further healthcare properties in Ireland in the future. Its total property portfolio consists of 143 properties in the UK and Ireland, of which 134 are operational and fully let, with a yearly rent roll of GBP34.4 million.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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