Purchase, sale, management as well as project development and realization of real estate and properties. May establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct all business that is directly or indirectly related to its purpose, acquire, encumber, sell and manage real estate in Switzerland and abroad, further provide financing for its own account or for third-party account and enter into guarantees and sureties for subsidiaries and third parties.