The purpose of the company is to hold, rent and manage real estate as well as all other real estate transactions at home and abroad, in particular the brokerage, acquisition and sale of built and unbuilt land, as well as the planning, construction, renovation and conversion of buildings on its own account and on behalf of third parties, and the development of real estate as a general contractor. The company may participate in other companies, establish subsidiaries and branches at home and abroad, grant loans, provide unencumbered mortgage certificates on its own properties to third parties as security against payment, acquire, encumber and sell properties, and furthermore perform all legal transactions that may be necessary to achieve the purpose of the company.