The company's purpose is to hold and manage real estate in Germany. The company may establish branches and subsidiaries in Switzerland and abroad, participate in companies in Switzerland and abroad, take over representations, enter into all transactions and conclude contracts, as well as undertake everything that promotes the company's purpose or directly and indirectly falls within the company's business area. The company may provide financing for its own account or for the account of third parties. The company may acquire, hold and sell intellectual property rights. The company is authorized to take financing, restructuring and intercession measures in favor of shareholders, group companies or third parties, as well as grant loans to shareholders, group companies or third parties or provide security for their obligations.