MedicX Fund Buys South Wales Healthcare Centre For GBP1.6 Million

Fri, 27th Dec 2013 09:28

LONDON (Alliance News) - MedicX Fund Limited Friday said it has bought a primary healthcare centre in Porth, South Wales for GBP1.6 million.

The UK-focused primary-care property investor said the property is let to the local health board and is currently on a 25-year lease with 18 years remaining.

The MedicX Fund's total property portfolio now comprises 123 properties throughout the UK of which 112 are complete and 11 are under construction, it said.

The company's yearly rent roll for all properties is now GBP29.4 million.

MedicX shares were down 1.8% to 83.188 pence Friday.

By Tom McIvor; tommcivor@alliancenews.com; @TomMcIvor1

Related Shares

More News

14 Mar 2019 12:19

Primary Health Properties scores court sanction for MedicX merger

(Sharecast News) - Primary Health Properties on Thursday confirmed that its all-share merger with MedicX Fund Ltd has been court approved.

14 Mar 2019 11:57

Primary Health Properties Gains Court Sanction For MedicX Merger (ALLISS)

LONDON (Alliance News) - Healthcare-focused property investor Primary Health Properties PLC said on Thursday that the court has approved of the all-sh...

1 Mar 2019 18:40

MedicX Shareholders Vote To Approve Primary Health Properties Merger

LONDON (Alliance News) - MedicX Fund Ltd on Friday said shareholders had approved its all-share merger with Primary Health Properties PLC.PHP and Medi...

8 Feb 2019 10:15

MedicX Fund Reports Decrease In Net Asset Value In First Quarter

LONDON (Alliance News) - MedicX Fund Ltd on Friday said its net asset value per share declined marginally in the first quarter of its current financia...

24 Jan 2019 08:56

Primary Health Properties Agrees All-Share Merger With Medicx Fund

LONDON (Alliance News) - Primary Health Properties PLC said Thursday it will merge with Medicx Fund Ltd to create a healthcare property firm with almo...