Octopus Healthcare, part of the UK fund management business Octopus Group, is the investment adviser to MedicX Fund, the specialist primary care infrastructure investor which has just contracted to acquire a modern primary healthcare medical centre in Leavesden, Watford, Hertfordshire.
The total acquisition cost of the property is £4.01 million and it is let to a GP practice, a pharmacy and a dentist, with an average unexpired lease term of 18 years.
MedicX Fund’s total property portfolio now comprises 153 properties, from which the annualised rent roll is £37.6 million. Some 147 of the properties are let and six are under construction.
Octopus manages £6 billion of funds for more than 50,000 retail and institutional investors.