Acquisition Completion
13/07/2007 9:59am
UK Regulatory
RNS Number:2007A
The MedicX Fund Limited (C)
13 July 2007
For immediate release 13 July 2007
MedicX Fund Limited
("MedicX Fund", "the Fund" or "the Company")
Acquisition Completion
MedicX Fund, (LSE: MXF, LSE: MXFC), the specialist investor in modern purpose
built primary healthcare properties, today announces that the initial rent has
been agreed at #377,000 for its development at West Allington Medical Centre,
Bridport, which completed in May. DTZ Debenham Tie Leung, valuers to the MedicX
Fund, had valued the property at #6.675 million net of 5.75% purchaser costs
based on an estimated annual rent of #375,750 per annum.
The property portfolio now comprises 39 properties: 35 Ordinary Share properties
(including the West Allington Medical Centre) of which three are under
construction, and 4 C Share properties, of which one is under construction.
End
For further information please contact:
MedicX Group +44 (0) 1483 869 500
Keith Maddin, Chairman
Mike Adams, Managing Director
Buchanan Communications
Charles Ryland / Lisa Baderoon / Mary-Jane Johnson +44 (0) 20 7466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQUOVWRBARBARR