AVO.L Regulatory News (AVO)

1 Feb 2008 07:00

CareCapital Group plc01 February 2008 Embargoed: for release at 0700h, 01 February 2008 CareCapital Group Plc ("CareCapital") Investment and Development Programme in the UK Successful bid on Primary Care Resource Centre CareCapital (AIM:CARE) announces that The Healthcare Property Company Wales, itsjoint venture with Gaufron Healthcare Limited, has been selected as preferreddeveloper for a £3 million Primary Care Centre in The Vale of Neath. When completed, the 1,540 sq.m project will accommodate six GPs, together with awide range of health, training and community services. It is anticipated thatwork on the site will commence in January 2009, with the project due forcompletion by December 2009. Paul Stacey, Chief Executive of CareCapital commented: "I am very pleased toreport a further successful bid for our joint venture in Wales which will bringthe number of development projects in the Principality to three, with a combinedvalue in excess of £19 million. Including this project in the Vale of Neath,CareCapital has successfully secured over £20 million of new primary careprojects during the past three months to add to its development pipelinecurrently being progressed in both the UK and Germany." ends For further information please visit www.carecapital.co.uk or contact: Paul Stacey, Managing Lindsay Mair, Director - Corporate Simon HudsonDirector Finance Paul Youens Shareen Courtney, Marketing Paul YoungCareCapital Group Plc Daniel Stewart & Co. Plc Tavistock Communications Tel: 020 7034 1949 Tel: 020 7776 6550 Tel: 020 7920 3150 or 07966 477256 pstacey@carecapital.co.uk lindsay.mair@danielstewart.co.uk shudson@tavistock.co.ukscourtney@carecapital.co.uk pyouens@tavistock.co.uk pyoung@tavistock.co.uk This information is provided by RNS The company news service from the London Stock Exchange