14th Nov 2007 10:57
The MedicX Fund Limited14 November 2007 For immediate release 14 November 2007 MedicX Fund Limited ("MedicX Fund", "the Fund" or "the Company") Completion of Wollaton development MedicX Fund, (LSE: MXF, LSE: MXFC), the specialist investor in modern purposebuilt primary healthcare properties, today announces that it has completed thedevelopment of its Wollaton Medical Centre, Nottinghamshire. The acquisitioncost is £2.95 million and the aggregate net rent of the property is £162,000 perannum, generating a net initial yield of 5.5%.The property has been valued byDTZ Debenham Tie Leung, valuers to the MedicX Fund at £2.93 million, net of5.75% purchaser costs. This property forms part of the Ordinary Share portfolio. The total propertyportfolio now comprises 42 properties: 35 Ordinary Share properties of which twoare under construction, and 7 C Share properties, of which three are underconstruction. End For further information please contact: MedicX Fund +44 (0) 1481 723450 Alison Simpson, Director MedicX Group +44 (0) 1483 869500 Keith Maddin, Chairman Mike Adams, Managing Director Buchanan Communications +44 (0) 20 7466 5000 Charles Ryland / Lisa Baderoon / Mary-Jane Johnson This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Medicx Fund