Commercial transactions of all kinds, in particular the acquisition and sale of developed and undeveloped properties, brokerage and management of real estate in Switzerland and abroad, as well as additional comprehensive services in the real estate sector. May establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business that is 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-party account, and provide guarantees and sureties for subsidiaries and third parties.