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21 May 2009 07:00
For immediate release 21 May 2009
MedicX Fund Limited
("MedicX Fund", "the Fund" or "the Company")
Completion of Lytham Primary Care Centre
MedicX Fund, (LSE: MXF) (the "Company"), the specialist primary care infrastructure investor in modern purpose built primary healthcare properties in the United Kingdom, today announces that it has successfully
completed the development of Lytham Primary Care Centre, Lytham.
The property (the largest in the portfolio at over 4,800m2 gross internal area) is let to two GP surgeries, North Lancashire Teaching PCT and MedicX Pharmacy for an initial term of 20 years. The aggregate rent from all leases totals £800,474 per annum and at 31 March 2009 the property was valued by King Sturge LLP at £11.9m.
The total property portfolio now comprises 46 properties throughout the United Kingdom of which two are under construction.
End
For further information please contact:
MedicX Fund +44 (0) 1481 723 450
David Staples, Chairman
MedicX Group +44 (0) 0808 2025461
Keith Maddin, Chairman
Mike Adams, Managing Director
Buchanan Communications +44 (0) 20 7466 5000
Charles Ryland / Mary-Jane Elliott / Miranda Higham
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