The acquisition and management of real estate and company shares as well as the assumption of personal liability and management in commercial companies, in particular as a personally liable partner of limited partnerships, not for the account of third parties. The Company is entitled to establish other similar or similar companies in Berlin or other places or to acquire existing or to participate in them and to operate all transactions that are likely to promote the Company's enterprises. According to § 32 KWG, trading in company participations and activities subject to authorisation that fall under § 1 para. 1 KWG and § 1 para. 1 a KWG are excluded.