In Switzerland and abroad, the purchase, sale, brokerage and trading of real estate, the construction of buildings on its own account and on behalf of third parties, as well as the provision of services for the execution of such transactions, such as real estate-specific project management, financial consulting, assumption of fiduciary functions, and trading in goods of all kinds and provision of related consulting and services; may establish branches and subsidiaries, participate in other companies, arrange financing for its own account or for third parties, trade in securities, provide guarantees and other securities, and acquire, manage and exploit intellectual property rights.