AVO.L Regulatory News (AVO)

2 Apr 2007 07:01

CareCapital Group plc02 April 2007 For release at 0700h, 2nd April 2007 CareCapital Group Plc ("CareCapital" or "the Company") Investment and Development Programme in Germany Second Acquisition Completion CareCapital Group Plc, the healthcare real estate company that listed on AIM inAugust 2006 (CARE), announces that it has acquired its second major medical facility situated to the South East of Berlin as part of its initial €35 million investment and development programme in Germany. The investment, at an acquisition cost of • 4.2 million, is a 2,850 sq m medical facility housing 25 tenants including consultants, an orthopedic rehabilitation unit, a pharmacy and other healthcare related retailers. The acquisition includes an adjoining development site, acquired at a nominal cost, on which the development of an additional 1,000 sqm medical facility is to be commenced immediately. The net rental yield is 7.9% and is expected to be enhanced by the additionaldevelopment on the adjoining site. -ends- For further information please visit www.carecapital.co.uk or contact: Paul Stacey, Managing Director Lindsay Mair, Director - Simon Hudson,Shareen Courtney, Marketing Corporate Finance Richard Sunderland CareCapital Group Plc Daniel Stewart & Co. Plc Tavistock Communications Tel: 020 7034 1949 Tel: 020 7776 6550 Tel: 020 7920 3150pstacey@carecapital.co.uk lindsay.mair@danielstewart.co.uk shudson@tavistock.co.ukscourtney@carecapital.co.uk rsunderland@tavistock.co.uk This information is provided by RNS The company news service from the London Stock Exchange