28th Feb 2007 07:01
The MedicX Fund Limited28 February 2007 For immediate release 28 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 PropertiesV Ltd, entered into a fixed price forward funding agreement with Oakapple toacquire a new medical centre at Alsager, Cheshire, for £8.68 million in cash.The Fund is earning licence fee income during its development. The initialrental income of the property will be £507,067 per annum and has been valued byDTZ Debenham Tie Leung, valuers to the MedicX Fund at £8.80 million net of 5.75%purchaser costs. This property is expected to be completed by April 2008. 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 ExchangeRelated Shares:
Medicx Fund