The Company’s corporate purpose includes the following activities:

• The acquisition and development of leased urban real estate properties. Its development activity includes the refurbishment of buildings under the terms of Spanish Value-Added Tax Act 37/1992 of 28 December.
• The holding of interests in the capital of other entities, whether or not they are domiciled in Spanish territory, which have as their main corporate purpose the acquisition of urban real estate assets for leasing and which are subject to the same scheme as that established for listed real estate investment trusts (SOCIMIs) concerning mandatory, legal or statutory policies on the distribution of profits and which meet the investment requirements laid down by Law 11/2009 of 26 October governing Listed Real Estate Investment Trusts (hereinafter the “SOCIMI Act”).
• The holding of stakes or participations in Collective Investment Institutions including Real Estate Investment regulated by the Spanish Collective Investment Act 35/2003 of 4 November.