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Completion of Castlecroft Medical Centre

4th Dec 2008 07:00

RNS Number : 5147J
The MedicX Fund Limited
04 December 2008
 



For immediate release  4 December 2008

MedicX Fund Limited

("MedicX Fund", "the Fund" or "the Company")

Completion of Castlecroft Medical Centre

MedicX Fund, (LSE: MXF), the specialist primary care infrastructure investor in modern purpose built primary healthcare properties in the United Kingdom, today announces that it has successfully completed the development of Castlecroft Medical Centre, Wolverhampton.

 

The property is let to one GP practice on an initial term of 25 yearsThe aggregate rent of the property is £168,000 per annum and at 30 September 2008 the property was valued by King Sturge LLP at £2.76m.

The total property portfolio now comprises 45 properties throughout the United Kingdom of which two are under construction. 

End

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 / Miranda Higham / Mary-Jane Johnson

This information is provided by RNS
The company news service from the London Stock Exchange
 
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