Medicx Fund Regulatory News (MXF)

13 Jul 2007 07:00

The MedicX Fund Limited13 July 2007 For immediate release 13 July 2007 MedicX Fund Limited ("MedicX Fund", "the Fund" or "the Company") Acquisition Completion MedicX Fund, (LSE: MXF, LSE: MXFC), the specialist investor in modern purposebuilt primary healthcare properties, today announces that the initial rent hasbeen agreed at £377,000 for its development at West Allington Medical Centre,Bridport, which completed in May. DTZ Debenham Tie Leung, valuers to the MedicXFund, had valued the property at £6.675 million net of 5.75% purchaser costsbased on an estimated annual rent of £375,750 per annum. The property portfolio now comprises 39 properties: 35 Ordinary Share properties(including the West Allington Medical Centre) of which three are underconstruction, and 4 C Share properties, of which one is under construction. End For further information please contact: MedicX Group +44 (0) 1483 869500Keith Maddin, ChairmanMike Adams, Managing Director Buchanan CommunicationsCharles Ryland / Lisa Baderoon / Mary-Jane Johnson +44 (0) 20 7466 5000 This information is provided by RNS The company news service from the London Stock Exchange