Development, management, realization, purchase and sale, and management of real estate and real estate projects of all kinds, both on its own account and on behalf of third parties; may establish branches and subsidiaries, participate in other companies, acquire, hold, manage, develop, exploit and sell properties and intellectual property rights, grant loans or other financing to its direct and indirect parent companies and shareholders as well as their or their direct or indirect group companies, and enter into security transactions of all kinds, in particular in the form of guarantees, pledges, global assignments, security transfers, security assignments and indemnification agreements for affiliated companies and third parties, even if these financing or security transactions are in their exclusive interest and are free of charge, as well as conclude cash pooling agreements with other group companies.