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MedicX Fund acquires new primary healthcare centre

MedicX Fund is to acquire, by way of a forward funding agreement, a new primary care medical centre in Buckley, Flintshire.

The property is due to be completed in February 2015.
 
The property will be let to the Health Board, two GP practices and a pharmacy. All tenants will take 20 year leases subject to three-yearly rent reviews.
 
The total acquisition cost of the property is anticipated to be GBP7.6m.
 
The MedicX Fund's total property portfolio now comprises 122 properties throughout the UK of which 111 are complete and 11 are under construction. The annualised rent roll for all properties is now GBP29.3m.

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