Acquisition and sale of real estate, its management, rental, brokerage and valuation, as well as construction, renovation and refurbishment of buildings. May establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, conduct all business that is directly or indirectly related to its purpose, acquire, encumber, sell and manage properties abroad, arrange financing for its own account or for third parties, and provide guarantees and sureties for subsidiaries and third parties.