FAQs – Frequently Asked Questions
Within the joint venture, the NAS Group, via its branches in Berlin and Frankfurt/Main deal with all property-related matters, including the acquisition process of the properties.
The assets are typically bought into newly formed SPVs (special purpose vehicles) which are German KGs, GmbHs or Luxembourg S.a.r.l.s. These companies belong to the corporate structure of the joint venture.
Investment decisions are formally taken by the Luxembourg-based investment committee. The acquisitions process typically includes an exclusivity period/provision during which the joint venture can conduct sufficient due diligence on the properties. Such due diligence covers financial, legal, technical (& environmental) and tax aspects of the investments.
A sufficient level of analysis usually becomes available after a period of 8 weeks which is when a sales and purchase agreement (SPA) can be signed with the vendor.