MedicX Fund To Buy New-Build Medical Centre In Brynhyfryd, Swansea

LONDON (Alliance News) - MedicX Fund Ltd said Wednesday it has agreed to acquire, via forward funding, a new primary healthcare medical centre in Brynhyfryd, Swansea.

The property is due to be completed in January 2017. Once completed, it will be let to a GP practice, the Abertawe Bro Mogannwg University Health Board, and a pharmacist.

MedicX Fund said the total acquisition cost is GBP3.0 million.

This takes the company's total property portfolio to 150 properties throughout the UK and Ireland, 143 of which are operational and let, with seven under construction.

Shares in MedicX Fund were up 1.5% at 86.05 pence Wednesday morning.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

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