The purpose of the company is to hold and manage participations as well as to acquire, hold, renovate and sell real estate. The company may furthermore enter into any transactions and conclude contracts that are suitable to promote the purpose of the company or that are directly or indirectly related thereto. The company may establish branches and subsidiaries and participate in other companies, acquire such companies or merge with them, both domestically and abroad. It may undertake financings for its own or third party account as well as provide guarantees and sureties for subsidiaries and third parties. The company may acquire, encumber, manage or dispose of real estate and licenses, as well as in any form acquire, exploit or dispose of patents, trademarks, design rights, copyrights and other industrial property rights, both domestically and abroad.