Investment in and management of real estate and other tangible assets, acquisition, development, holding and disposal of real estate, as well as participation in corresponding companies in Switzerland and abroad. May establish branches in Switzerland and abroad, participate in other companies, merge with other companies, acquire, encumber, manage and dispose of patents and other intangible assets as well as real estate, and enter into all transactions and conclude contracts that are suitable to promote the purpose of the company or are directly or indirectly related to it.