Acquisition, development, renovation, management and sale of and trading in properties of all kinds as well as trading in securities; may participate in other companies, establish branch offices, found subsidiaries, participate in group financing, in particular by granting loans to its direct or indirect shareholders or other group companies or providing guarantees or other securities of all kinds for their liabilities to third parties, even if these loans or securities are in the exclusive interest of its direct or indirect shareholders or other group companies and are granted free of charge.