Acquisition, sale, rental, management, brokerage and marketing of residential, commercial and industrial properties as well as plots of land in Switzerland and abroad, purchase, sale and permanent management of participations of any kind. May establish branches and subsidiaries in Switzerland and abroad, acquire, encumber, sell and manage real estate there, carry out 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 for their liabilities, as well as conduct all business and conclude contracts that are directly or indirectly related to its business purpose or promote it.