Medicx Fund Regulatory News (MXF)

18 Jan 2007 07:01

The MedicX Fund Limited18 January 2007 For immediate release 18 January 2007 MedicX Fund Limited ("MedicX Fund", "the Fund" or "the Company") Development Update 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 completed the development of itsMablethorpe primary care centre for £6.55 million and that rent of £381,056 perannum has commenced. Also announced is that the conditional purchase agreementfor Rothwell has now completed. Of the 13 properties originally acquired by the Fund as part of the initialportolio 11 are now completed and rented and the remaining two, Withymoor andRothwell, are subject to fixed price forward funding agreements with PrimaryAsset the development company of the MedicX Group. The Fund is earning licencefee income during their development. These properties are expected to completein April and November this year respectively. End For further information please contact: MedicX Group +44(0) 1252 704 272 Keith Maddin, ChairmanMike Adams, Managing Director Buchanan Communications +44 (0) 20 7466 5000 Charles Ryland / Lisa Baderoon / Mary-JaneJohnson This information is provided by RNS The company news service from the London Stock Exchange