Construction and renovation of properties, trade in and management of real estate and land, as well as trade in machinery, equipment, technical products and building materials for property construction. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire, encumber, sell and manage real estate in Switzerland and abroad, provide financing for its own account or for the account of third parties, grant guarantees and warranties for subsidiaries and third parties, and acquire, manage and sell securities and industrial property rights.