Specialist primary care infrastructure investor MedicX Fund has announced an estimated net asset value of £125.5m as at 30 June.
A quarterly revaluation of the group’s portfolio as at 30 June, stood at £227.8m, reflecting a net initial yield of 5.87% – broadly unchanged from the previous quarter, which stood at 5.86%.
Between 1 April and 5 August the firm reviewed 14 leases and rents of £1.6m. It currently has a portfolio of 60 properties.
Nine properties are now under construction at Apsley, Bermondsey, Clapham, Halifax, Hounslow, Rochdale, West Wirral and Woolwich Royal Arsenal.
MedicX agreed on 1 August to extend its loan facility with Deutsche Postbank to £37.1m from £25.5m, on substantially the same terms as the existing facility.
joanna.bourke@estatesgazette.com
