Purchase, sale and management of as well as trade in real estate and properties. May establish branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire or merge with similar or related companies, acquire, manage and sell plots of land, and enter into all transactions and conclude contracts that are suitable to promote the purpose of the company or are directly or indirectly related thereto, furthermore carry out financing for its own account or for the account of third parties and provide guarantees and sureties for subsidiaries and third parties.