Trading and management of real estate as well as trading in goods of all kinds. May establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct all business that is directly or indirectly related to its purpose, acquire, encumber, sell and manage real estate in Switzerland and abroad, also provide financing for its own account and for third-party account, as well as grant guarantees and sureties for subsidiaries and third parties.