2nd Mar 2007 07:30
The MedicX Fund Limited02 March 2007 For immediate release 2nd March 2007 MedicX Fund Limited ("MedicX Fund", "the Fund" or "the Company") Three Further Acquisitions in UK MedicX Fund, the specialist investor in modern purpose built primary healthcareproperties, which in November 2006 listed on the Official List of the LondonStock Exchange today announces that it has, via its subsidiary MedicX PropertiesV Ltd, completed the acquisition of three completed let properties from PrimaryHealth Care Centres Limited for £3.25 million in cash. Two of the properties arelocated close to Inverness and the other is in Norfolk. These represent theFund's first acquisitions in Scotland. The combined rental income of theproperties is £189,352 per annum and the properties have been valued by DTZDebenham Tie Leung, valuers to the MedicX Fund, at £3.46 million net of 5.75%purchaser costs. Since the time of the IPO Medicx Fund has acquired 39 properties. In line withthe strategy outlined at the time of the IPO Medicx Fund continues to expand itsgeographical spread across the UK. Ends For further information please contact: MedicX Group +44(0) 1483 869500Keith Maddin, ChairmanMike Adams, Managing Director Buchanan Communications +44 (0) 20 74665000Charles Ryland / Lisa Baderoon / Mary-Jane Johnson This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Medicx Fund