Purchase, sale, development, rental and brokerage of real estate of all kinds, provision of services in the real estate and construction industry, as well as trade in goods of all kinds. 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. Furthermore, it may acquire, encumber, sell and manage real estate in Switzerland and abroad, also arrange financing for its own account or for the account of third parties, and provide security for liabilities of affiliated companies.