8th Aug 2007 07:01
The MedicX Fund Limited08 August 2007 For immediate release 8 August 2007 MedicX Fund Limited ("MedicX Fund", "the Fund" or "the Company") Acquisition Completion MedicX Fund, (LSE: MXF, LSE: MXFC), the specialist investor in modern purposebuilt primary healthcare properties, today announces that it has completed theacquisition of a medical centre at Istead Rise which was completed in June 2007and entered into a forward funding agreement to acquire a medical centre atWarwick which is due to be completed by April 2008. The total acquisition costof the two properties is anticipated to be £4.215 million. The aggregate rent ofthe two properties is £254,975 and DTZ Debenham Tie Leung, valuers to the MedicXFund, have valued the properties at £4.375 million net of 5.75% purchaser costs. Both these properties form part of the C share portfolio. The total propertyportfolio now comprises 41 properties: 35 Ordinary Share properties of whichthree are under construction, and 6 C Share properties, of which two are underconstruction. End For further information please contact: MedicX Fund +44 (0) 1481 723450Alison Simpson, Director MedicX Group +44 (0) 1483 869500Keith Maddin, Chairman Mike 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 ExchangeRelated Shares:
Medicx Fund