MedicX Fund, a specialist primary care infrastructure investor in modern, purpose-built, primary healthcare properties in the United Kingdom, acquired through its wholly owned subsidiary, MedicX GPG Holdings Limited, the whole of the issued share capital of GPG No.5 Limited on 24 May 2013. GPG’s portfolio comprised seven operational, fully let primary care medical centres, together with seven further properties under construction. The purchase is by way of a corporate acquisition of GPG No.5 Limited for a cash consideration of £10.0 million including transaction costs of £0.8 million, and the assumption of existing debt facilities of £34.7 million. In addition, MedicX Fund has first right to forward fund future projects with adding £35 million to the Fund's pipeline.