Completion of Acquisition

2 Oct 2007 07:01

CareCapital Group plc02 October 2007 Embargoed: for release at 0700h 2 October 2007 CareCapital Group Plc ("CareCapital") Investment and Development Programme in Germany Completion of Third Acquisition Further to the announcement on 12th June 2007, CareCapital, the AIM listedhealthcare real estate company (CARE),announces that it has completed theacquisition of the major medical facility situated in Berlin - Neukolln as partof its initial €35 million investment and development programme in Germany. The investment in Neukolln, at an acquisition cost of €5.0 million, is a 2,865square meter medical facility housing 13 tenants including a large dental centreoperated by Medeco - one of the premier dental chains in Germany. -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 Paul Youens CareCapital 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 lindsay.mair@danielstewart.co.uk shudson@tavistock.co.ukscourtney@carecapital.co.uk pyouens@tavistock.co.uk This information is provided by RNS The company news service from the London Stock Exchange