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The MedicX Fund to acquire healthcare centre in Ireland

26 June 2015 07:40

MedicX Fund has contracted to acquire, by way of forward funding, a new primary healthcare medical centre in Mullingar, Westmeath. The property is due to be completed in August 2016.

The completed development will be let to a number of GPs and the Health Service Executive (the Irish NHS equivalent).

The GP and Health Service Executive leases will be for a term of 15 and 25 years respectively from practical completion. The rent is subject to five-yearly CPI reviews. The total acquisition cost of the property is 10.1m euros.

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