Acquisition, development, management, rental, leasing, financing, brokerage and sale of, as well as consulting related to, real estate and properties of all kinds in Switzerland and abroad; may establish branches and subsidiaries in Switzerland and abroad, as well as acquire, manage, sell and broker participations in companies in Switzerland and abroad, may also acquire, encumber, sell, manage and broker copyrights, patents, licenses or other intellectual property rights and securities, and conduct financing transactions of all kinds on its own account or on behalf of third parties, take out and grant loans, and provide guarantees and sureties for subsidiaries and third parties.