Completion of Dental Centre

RNS Number : 1604C

CareCapital Group plc

28 August 2008

 



28 August 2008

CARECAPITAL GROUP PLC

("CareCapital" or "the Company")

Completion of Dental Centre

CareCapital plc (AIM: CARE), the healthcare real estate developer and owner, is pleased to announce the completion of its 1,200 sq m dental centre in Folkestone developed at a cost of £3.6 million. The building has been leased to Harley Dental Clinics Limited on a 21 year lease at an initial rent of £272,000 per annum subject to three yearly RPI based reviews.

The Centre contains 12 dental suites, three hygienist rooms, training facilities and a dental laboratory and will provide a wide range of dental services for both NHS and private patients. It is planned that the Centre will open to patients in October 2008 following the installation of equipment and commissioning.

This project is part of CareCapital's ongoing programme of primary care developments in the UK and Germany.  

For further information please visit www.carecapital.co.uk or contact:

Paul Stacey, Managing Director	Lindsay Mair, Director - Corporate Finance	Simon Hudson,  Paul Youens, Paul Young
CareCapital Group Plc	Daniel Stewart & Co. Plc	Tavistock Communications
Tel: [phone]	Tel: [phone]	Tel: [phone]
[e-mail]	[e-mail]	[e-mail]
[e-mail]		[e-mail]
		[e-mail]

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Notes to Editors

CareCapital is a developer and investor in primary healthcare real estate, partnering GPs, dentists and other clinical providers - in the UK and Germany - to develop uniquely tailored, cost-effective and sustainable care facilities. CareCapital has a current portfolio value of £39.9 million (as at 31 December 2007).

 

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