The purchase, sale and administration of real estate. The company also aims to acquire, manage and sell participations in companies of all kinds, both Swiss and foreign, as well as securities and other financial instruments. The company may open branches and subsidiaries in Switzerland and abroad, participate in Swiss and foreign companies and conduct transactions directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for third parties, as well as grant guarantees and sureties for affiliated companies and third parties.