Medicx Fund Limited Acquisition Of New Primary Care Medical Centre

TIDMMXF RNS Number : 7990O The MedicX Fund Limited 05 July 2010 ? For immediate release 5 July 2010 MedicX Fund Limited ("MedicX Fund", "the Fund" or "the Company") Acquisition of new primary care medical centre MedicX Fund, (LSE: MXF), the specialist primary care infrastructure investor in modern, purpose-built, primary healthcare properties in the United Kingdom, is pleased to announce it has acquired a completed primary care medical centre with separate pharmacy building in Boston, Lincolnshire which was built in 2004. The total acquisition cost of the property is GBP3.3 million. 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 annualised rent roll for all properties is now GBP13.0 million. End For further information please contact: Buchanan Communications +44 (0) 20 7466 5000 Charles Ryland/George Prassas MedicX Group +44 (0) 1483 869 500 Keith Maddin, Chairman Mike Adams, Chief Executive Officer Mark Osmond, Chief Financial Officer MedicX Fund +44 (0) 1481 723 450 David Staples, Chairman Information on MedicX Fund Limited MedicX Fund Limited ("MXF", the "Fund" or the "Company", or together with its subsidiaries, the "Group") is the specialist primary care infrastructure investor in modern, purpose-built primary healthcare properties in the United Kingdom, listed on the London Stock Exchange, with a portfolio comprising 56 properties. The Investment Adviser to the Company is MedicX Adviser Ltd, which is authorised and regulated by the Financial Services Authority and is a subsidiary of the MedicX Group. The MedicX Group is a specialist investor, developer and manager of healthcare properties with 34 people operating across the UK. The Company's website address is www.medicxfund.com. This information is provided by RNS The company news service from the London Stock Exchange END ACQVELBBBDFFBBZ (END) Dow Jones Newswires July 05, 2010 04:15 ET (08:15 GMT)