Medicx Fund Regulatory News (MXF)

12 Feb 2007 13:05

The MedicX Fund Limited12 February 2007 For immediate release 12 February 2007 MedicX Fund Limited ("MedicX Fund", "the Fund" or "the Company") Acquisition of New Site MedicX Fund, the specialist investor in modern purpose built primary healthcareproperties, which on 2 November 2006 listed on the Official List of the LondonStock Exchange today announces that it has, via its subsidiary MedicX PropertiesI Ltd, entered into a fixed price forward funding agreement with Primary Assetto acquire a new medical centre at Wollaton, Nottinghamshire, for £2.93m incash. The Fund is earning licence fee income during its development. Theinitial rental income of the property will be £162,005 per annum and has beenvalued by DTZ Debenham Tie Leung, valuers to the MedicX Fund at £2.93 millionnet of 5.75% purchaser costs. This property is expected to be completed byDecember 2007. Ends 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