AVO.L Regulatory News (AVO)

16 Jan 2008 07:00

CareCapital Group plc16 January 2008 Embargoed: for release at 07.00, 16 January 2008 CareCapital Group Plc ("CareCapital") Progress on ongoing project CareCapital, the AIM listed healthcare real estate company, is pleased toannounce that it has acquired the shell structure for a 1,153 sq m DentalFacility in Folkestone, with the development in line for completion by the endof March 2008. The £3.5 million facility, which forms part of the current Town Centreregeneration programme, will comprise of 14 dental suites, a dental laboratoryand training facilities. The development has been pre-let to Phoenix DentalManagement Ltd on a 21 year term. Paul Stacey, Chief Executive of CareCapital commented: "We are extremely pleasedto be the developer and owner of this innovative project, providing advanceddental facilities for both NHS and private patients." ends For further information please visit www.carecapital.co.uk or contact: Paul Stacey, Managing Graham Webster, Director - Corporate Simon Hudson,Director FinanceShareen Courtney, Marketing Paul Youens, Paul YoungCareCapital Group Plc Daniel Stewart & Co. Plc Tavistock CommunicationsTel: 020 7034 1949 Tel: 020 7776 6550 Tel: 020 7920 3150 or 07966 477256 pstacey@carecapital.co.uk graham.webster@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