17th Jan 2008 10:01
The MedicX Fund Limited17 January 2008 For immediate release 17 January 2008 MedicX Fund Limited ("MedicX Fund", "the Fund" or "the Company") Acquisition of New Site MedicX Fund, (LSE: MXF), the specialist investor in modern purpose built primaryhealthcare properties, today announces that it has entered into a forwardfunding agreement to acquire a primary care medical centre at Lytham, Lancashirewhich is due to be completed by April 2009 and to be developed by Primary AssetLtd, part of the MedicX Group. The total acquisition cost of the property isanticipated to be £13.225 million. The initial rental income of the propertywill be £759,816 per annum and the property has been valued by King Sturge LLP,valuers to the MedicX Fund, at £13 million. The total property portfolio now comprises 45 properties of which six are underconstruction throughout the UK. End For further information please contact: MedicX Fund +44 (0) 1481 723 450Jorge Tavares, Chairman MedicX Group +44 (0) 0808 2025461Keith 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