Acquisition

14 Jun 2007 07:01

CareCapital Group plc14 June 2007 14 June 2007 CareCapital Group Plc ("CareCapital" or "the Company") Investment and Development Programme in Germany Contracts Exchanged on Third Acquisition CareCapital Group Plc, the AIM listed healthcare real estate company (CARE), announces that it has exchanged contracts in respect of the acquisition of a further major medical facility situated in the centre of Berlin as part of its initial €35 million investment and development programme in Germany. The investment, at an acquisition cost of €5.0 million, is a 2,865 square metermedical facility housing 13 tenants including a large dental centre operated byMedeco - one of the premier dental chains in Germany. The initial net rental yield is 7.6% which will increase to 7.97% uponimplementation of contracted rental uplifts following completion, which isexpected to take place in October. -ends- For further information please visit www.carecapital.co.uk or contact: Paul Stacey, Managing DirectorShareen Courtney, MarketingCareCapital Group PlcTel: 020 7034 1949pstacey@carecapital.co.ukscourtney@carecapital.co.uk Lindsay Mair, Director - Corporate FinanceDaniel Stewart & Co. PlcTel: 020 7776 6550lindsay.mair@danielstewart.co.uk Simon Hudson,Richard SunderlandTavistock CommunicationsTel: 020 7920 3150 or 07966 477256shudson@tavistock.co.ukrsunderland@tavistock.co.uk This information is provided by RNS The company news service from the London Stock Exchange