Medicx Fund Regulatory News (MXF)

18 May 2007 07:01

The MedicX Fund Limited18 May 2007 For immediate release 18 May 2007 MedicX Fund Limited ("MedicX Fund", "the Fund" or "the Company") Withymoor Property Acquisition Completion MedicX Fund (LSE: MXF), the specialist investor in modern purpose built primaryhealthcare properties, is today pleased to announce that it has completed thedevelopment of its Withymoor, West Midlands, Medical Centre and that the generalpractice rent has now commenced, with the pharmacy rent commencing on 28 May2007. The aggregate rent of the property is £122,408 per annum and the propertyhas been valued by DTZ Debenham Tie Leung, valuers to the MedicX Fund, at £2.4million net of 5.75% purchaser costs. Of the 13 properties originally acquired by the Fund as part of the initialportfolio, 12 have now been completed and rented with the remaining property,Rothwell, subject to a fixed price forward funding agreement with Primary AssetLtd, the development company of the MedicX Group. The Fund is earning licencefee income during its development. The Rothwell property is on course to becompleted in November this year. End For further information please contact: MedicX Group +44 (0) 1483 869500Keith Maddin, ChairmanMike Adams, Managing Director Buchanan Communications +44 (0) 20 7466 5000Charles Ryland / Lisa Baderoon / Mary-Jane Johnson This information is provided by RNS The company news service from the London Stock Exchange