MedicX Fund Buys New Primary Care Medical Centre For GBP6.9M

LONDON (Dow Jones)--MedicX Fund Ltd. (MXF.LN), a specialist primary care infrastructure investor, said Wednesday it has contracted to acquire a primary care medical centre in Clapham, London that is due to complete construction in the second half of 2011. MAIN FACTS: -The total acquisition cost of the property is GBP6.9 million. -The property is leased to a GP tenant for 20 years. -The lease provides for three-yearly rent reviews to open market value. -Annualized rent roll for all properties is now GBP13.4 million. -Shares at 1220 GMT flat at 72.5 pence. -By Tommy Stubbington, Dow Jones Newswires; 44-20-7842-9268; tommy.stubbington@dowjones.com (END) Dow Jones Newswires July 21, 2010 08:22 ET (12:22 GMT)