Acquisition

CareCapital Group plc
11 December 2006


For release at 0700h, 11 December 2006



                             CareCapital Group Plc

                        ("CareCapital" or "the Company")

                Investment and Development Programme in Germany


CareCapital Group Plc, the healthcare real estate company which listed on AIM in
August (CARE), announces that it has completed the acquisition of a major
medical centre in Berlin as the first part of an initial €35 million investment
and development programme in Germany.


This first investment, at an acquisition cost of € 9.2 million, is a 4,100 sq m
medical facility housing 34 tenants including physicians, dentists, a dental
lab, diagnostic facilities, a pharmacy and other healthcare related retailers.
An additional €4.2 million acquisition of a 2,800 sq m medical centre housing 25
medical tenants situated to the South East of Berlin together with its adjoining
development site is scheduled for completion in February 2007.


These two investments represent the initial stage of the €35 million programme,
on which heads of terms have been agreed with a German developer/construction
company, with funding supplied by a major German bank. The programme currently
includes two further development sites in the Berlin area. Any additional
funding for the programme will come from the Company's existing resources and
facilities.


The programme enables CareCapital to capitalise on recent changes in German
legislation which favour primary care provision from large, integrated medical
care centres.


Michael Sinclair, Chairman, commented: "The investment and development programme
in Germany follows extensive research, conducted by CareCapital over the past
months and represents an exciting opportunity for the Company. It will not
impact on our development programme in the UK which remains on target.


"CareCapital will leverage its UK experience to manage and develop the mixed
economy healthcare facilities in Germany that will increasingly become a feature
of UK primary care provision as services are moved out of the hospital
environment to community locations in accordance with Government policy. In
addition, the programme will bring us high quality assets at yields
significantly greater than those currently prevailing in the UK and with
similarly comparable covenant profiles."





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


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




                      This information is provided by RNS
            The company news service from the London Stock Exchange