Acquisition Completion
08/08/2007 8:44am
UK Regulatory
RNS Number:7184B
The MedicX Fund Limited (C)
08 August 2007
For immediate release 8 August 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 it has completed the
acquisition of a medical centre at Istead Rise which was completed in June 2007
and entered into a forward funding agreement to acquire a medical centre at
Warwick which is due to be completed by April 2008. The total acquisition cost
of the two properties is anticipated to be #4.215 million. The aggregate rent of
the two properties is #254,975 and DTZ Debenham Tie Leung, valuers to the MedicX
Fund, have valued the properties at #4.375 million net of 5.75% purchaser costs.
Both these properties form part of the C share portfolio. The total property
portfolio now comprises 41 properties: 35 Ordinary Share properties of which
three are under construction, and 6 C Share properties, of which two are under
construction.
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 Exchange
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