Acquisition, creation, management, rental and sale of real estate of all kinds in Switzerland and abroad. The company may establish branches and subsidiaries in Switzerland and abroad, participate in or merge with other companies in Switzerland and abroad, hold participations, exercise holding functions, enter into cooperations, acquire, encumber, sell and manage real estate in Switzerland and abroad, arrange financing for its own account or for third parties, and provide guarantees and sureties for subsidiaries and third parties.