The purchase and sale of developed and undeveloped land, the development and construction of land, the renovation of buildings and the marketing of all acquired land, the letting, leasing and management of land and buildings and construction management in accordance with Section 37 (1) of the Second Housing Act as well as participation in companies with the same corporate purpose; heritable building rights, residential property and partial ownership are equivalent to land. The company is a subsidiary of Stadtsparkasse Emden.