19th May 2009 07:00
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Immediate Release |
19 May 2009 |
MedicX Fund Limited
("MedicX Fund", "the Fund" or "the Company")
Acquisition of Medical Centre at Abergele
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 entered into a forward funding agreement to acquire a primary care medical centre at Abergele, Wales which is due to be completed by December 2009.
The total acquisition cost of the property is anticipated to be £3.3m. The initial rental income of the property will be £216,830 per annum and the property has been valued by King Sturge LLP, valuers to the MedicX Fund, at £3.3m.
The total property portfolio now comprises 46 properties throughout the UK of which three are under construction.
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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
Related Shares:
Medicx Fund