Aviva Investors, the global asset management business of Aviva plc, has completed a £264.5m refinancing for MedicX Fund.
MedicX is a specialist healthcare infrastructure investor.
The new 15-year facility, which refinances existing loans and increases the total debt by £30.8m, is secured against 90 modern purpose-built medical centres.
Helen Mahy, chairman of MedicX, said: “The new arrangements will improve operational efficiency and free up property collateral, enabling MedicX to undertake identified asset management projects and negotiate new facilities at competitive rates, which should reduce MedicX’s average cost of debt.”
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