Less Ads, More Data, More Tools Register for FREE

Medicx Fund Limited Acquisition Of New Primary Care Medical Centre

Mon, 05th Jul 2010 09:15

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)

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...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.