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MedicX acquires a new primary healthcare medical centre in Peterborough

MedicX acquires a new primary healthcare medical centre in Peterborough

MedicX acquires a new primary healthcare medical centre in Peterborough

MedicX (MXF) has contracted to acquire a new primary healthcare medical centre in Peterborough. The property is due to be completed in April 2019.

The completed development will be let to the GPs of the Nightingale Medical Practice in Peterborough. All leases will be for a term of 20 years from practical completion. The completed property will consist of c.900 m2 with 3 yearly reviews to market rent.

The total acquisition price including costs is expected to be £3.2 million and will be done by forward funding.

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MedicX Fund Limited is a specialist primary care infrastructure investor in modern, purpose-built, primary healthcare properties in the United Kingdom and Ireland.  The Fund’s total property portfolio now comprises 154 properties throughout the United Kingdom and Ireland of which 150 are operational and let, with four under construction. The annualised rent roll for all properties is now £40.8 million (source: MXF; April 2018).

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