MedicX Fund Buys Primary Care Medical Centre For GBP3.3M

LONDON (Dow Jones)--MedicX Fund, (MXF.LN), a specialist primary care infrastructure investor in modern, purpose-built, primary healthcare properties in the U.K., announced Monday it has acquired a completed primary care medical centre with separate pharmacy building in Boston, Lincolnshire which was built in 2004 for GBP3.3 million. MAIN FACTS: -The property is leased to two GP tenants and Lloyds Pharmacy for the remaining 14 years of the leases. -All leases provide for five-yearly upward only rent reviews to open market value. -The MedicX Fund's total property portfolio now comprises 56 properties throughout the United Kingdom of which 48 are complete, three are under construction and five have yet to commence construction. -The annualized rent roll for all properties is now GBP13.0 million. -Shares closed Friday at 72 pence. -By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; zechariah.hemans@dowjones.com (END) Dow Jones Newswires July 05, 2010 04:19 ET (08:19 GMT)