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19 Sep 2012 16:33
For Immediate Release
19 September 2012
MedicX Fund Limited
("MedicX Fund", "the Fund" or "the Company")
Acquisition of new 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 contracted to acquire a new primary care medical centre in Scholar Green, Cheshire, which is due to be completed in May 2013.
The property will be let to one GP practice, by way of a 25 year lease, subject to three-yearly rent reviews to RPI. The total acquisition cost of the property is anticipated to be £2.6 million.
The MedicX Fund's total property portfolio now comprises 107 properties throughout the United Kingdom of which 96 are complete and 11 are under construction. The annualised rent roll for all properties is now £24.7 million.
End
For further information please contact:
MedicX Group +44 (0) 1483 869 500
Keith Maddin, Chairman
Mike Adams, Chief Executive Officer
Mark Osmond, Chief Financial Officer
Buchanan +44 (0) 20 7466 5000
Charles Ryland/Gabriella Clinkard
MedicX Fund Limited +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 107 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 30 people operating across the UK.
The Company's website address is www.medicxfund.com. Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.
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