Acquisition, management and disposal of participations in companies of all kinds, in particular in the real estate sector, and their financing, as well as the execution of all related transactions; can acquire, hold and dispose of properties. The company directs its business activities, insofar as permitted, towards the group's goals. Accordingly, the company may, in the interest of the group or individual group companies, including their direct or indirect parent companies and their direct or indirect subsidiaries, conclude contracts and, in particular, grant loans or other financing to such group companies and provide security of all kinds for their liabilities, including by way of pledges on or security assignments and security transfers of the company's assets or by way of guarantees of any kind, whether against payment or not.