Acquisition, holding and management as well as sale of real estate in Switzerland and abroad. May establish branches and subsidiaries in Switzerland and abroad, acquire, encumber, sell and manage real estate in Switzerland and abroad, also provide financing for its own account or for the account of third parties, grant loans and other financing to shareholders and affiliated companies, and provide collateral of any kind for the liabilities of shareholders and affiliated companies, and in general conduct all business and enter into contracts that are directly or indirectly related to its corporate purpose or are suitable to promote it.