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3 Jul 2012 11:00
For immediate release
| 03 July 2012
|
MedicX Fund Limited
("MedicX Fund", "the Fund" or "the Company")
Acquisition of a new primary care 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 Arnold, Nottingham, which is due to be completed in September 2013.
The property will be let to one GP practice and a pharmacy both on 20 year leases. The total acquisition cost of the property is anticipated to be £4.0 million.
The MedicX Fund's total property portfolio now comprises 75 properties throughout the United Kingdom of which 63 are complete and 12 are under construction. The annualised rent roll for all properties is now £18.7 million.
End
For further information please contact:-
Buchanan +44 (0) 20 7466 5000
Charles Ryland/Gabriella Clinkard
MedicX Group +44 (0) 1483 869 500
Keith Maddin, Chairman
Mike Adams, Chief Executive Officer
Mark Osmond, Chief Financial Officer
MedicX Fund +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 75 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 27 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) are incorporated into, or forms part of, this announcement.
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