Purchase, sale and brokerage of properties as well as provision of comprehensive services in the property sector, in particular realization of construction projects, construction management, appraisals and administration. May establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, conduct all business directly or indirectly related to its purpose, acquire, encumber, sell and manage real estate in Switzerland and abroad, arrange financing for its own account or for third parties, and grant guarantees and sureties for subsidiaries and third parties.