The purchase, holding and sale of real estate, the creation, renovation and conversion of properties on its own account or on behalf of third parties, their management and marketing, as well as all activities directly or indirectly related thereto. The company 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. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or on behalf of third parties.