Acquisition of New Site
August 10 2007 - 3:01AM
UK Regulatory
RNS Number:8533B
The MedicX Fund Limited (C)
10 August 2007
For immediate release 10 August 2007
MedicX Fund Limited
("MedicX Fund", "the Fund" or "the Company")
Acquisition of New Site
MedicX Fund, (LSE: MXF, LSE: MXFC), the specialist investor in modern purpose
built primary healthcare properties, today announces that it has entered into a
forward funding agreement to acquire a medical centre at Edgware which is due to
be completed by December 2007. The total acquisition cost of the property is
anticipated to be #3.276 million. The initial rental income of the property will
be #200,340 per annum and the property has been valued by DTZ Debenham Tie
Leung, valuers to the MedicX Fund, at #3.400 million.
This property forms part of the C share portfolio. The total property portfolio
now comprises 42 properties: 35 Ordinary Share properties of which three are
under construction, and 7 C Share properties, of which three 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
END
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