Acquisition, holding and sale of commercial properties, residential properties and plots of land as well as participations in companies active in the real estate sector; may establish branches and subsidiaries, participate in other companies, acquire, encumber, sell and manage real estate, arrange financing for its own account or for third-party account, grant guarantees and sureties for subsidiaries and third parties, acquire, manage and transfer intellectual property rights, patents and trademarks as well as technical and industrial know-how.