Conception, development, construction and distribution including marketing of real estate in Switzerland and abroad, provision of services and consulting, particularly in the field of real estate, purchase and sale and brokerage of properties, exploitation of patents and licenses, as well as participation in companies of all kinds in Switzerland and abroad. The company may establish branches and subsidiaries in Switzerland and abroad, acquire, encumber, sell and manage real estate in Switzerland and abroad, provide financing for its own account or for third-party account, and grant guarantees and sureties for subsidiaries and third parties.