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  CareCapital Grp plc - Completion of Dental Centre
 
 

RNS Number : 1604C<fipBR>

CareCapital Group plc<fipBR>

28 August 2008<fipBR>

<fipBR> <fipP> </fipP> <fipP></fipP> <fipP>28 August 2008</fipP> <fipP><fipBR> </fipP> <fipP><fipBR> </fipP> <fipP>CARECAPITAL GROUP PLC</fipP> <fipP>("CareCapital" or "the Company")</fipP> <fipP><fipBR> </fipP> <fipP>Completion of Dental Centre</fipP> <fipP><fipBR> </fipP> <fipP>CareCapital plc (AIM: CARE), the healthcare real estate developer and<fipWRAP> owner, is pleased to announce the completion of its 1,200 sq m dental centre in<fipWRAP> Folkestone developed at a cost of £3.6 million. The building has been leased to<fipWRAP> Harley Dental Clinics Limited on a 21 year lease at an initial rent of £272,000<fipWRAP> per annum subject to three yearly RPI based reviews.</fipP> <fipP><fipBR> </fipP> <fipP>The Centre contains 12 dental suites, three hygienist rooms, training<fipWRAP> facilities and a dental laboratory and will provide a wide range of dental<fipWRAP> services for both NHS and private patients. It is planned that the Centre will<fipWRAP> open to patients in October 2008 following the installation of equipment and<fipWRAP> commissioning.</fipP> <fipP><fipBR> </fipP> <fipP>This project is part of CareCapital's ongoing programme of primary care<fipWRAP> developments in the UK and Germany. </fipP> <fipP><fipBR> </fipP> <fipP>For further information please visit www.carecapital.co.uk or<fipWRAP> contact:</fipP>

Paul Stacey, Managing Director Lindsay Mair, Simon Hudson, <fipBR>

Director - Corporate Paul Youens, Paul<fipBR>

Finance Young<fipBR>

CareCapital Group Plc Daniel Stewart & Co. Tavistock<fipBR>

Plc Communications<fipBR>

Tel: 020 7034 1949 Tel: 020 7776 6550 Tel: 020 7920 3150<fipBR>

pstacey@carecapital.co.uk lindsay.mair@ shudson@tavistock.co.<fipBR>

danielstewart.co.uk uk <fipBR>

swilden@carecapital.co.uk pyouens@tavistock.co.<fipBR>

uk<fipBR>

pyoung@tavistock.co.<fipBR>

uk<fipBR> <fipP><fipBR> </fipP> <fipP>~ ends ~</fipP> <fipP><fipBR> </fipP> <fipP><fipBR> </fipP> <fipP>Notes to Editors</fipP> <fipP><fipBR> </fipP> <fipP>CareCapital is a developer and investor in primary healthcare real<fipWRAP> estate, partnering GPs, dentists and other clinical providers - in the UK and<fipWRAP> Germany - to develop uniquely tailored, cost-effective and sustainable care<fipWRAP> facilities. CareCapital has a current portfolio value of £39.9 million (as at 31<fipWRAP> December 2007).</fipP> <fipBR> This information is provided by RNS<fipBR> The company news service from the London Stock Exchange<fipBR>

<fipBR>

END <fipBR>

<fipBR> MSCBLGDIIXDGGIR

 
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