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 meter medical facility housing 13 tenants including a large dental centre operated by Medeco – one of the premier dental chains in Germany.

The initial net rental yield is 7.6% which will increase to 7.97% upon implementation of contracted rental uplifts following completion, which is expected to take place in October.

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