Holding, managing, buying and selling of real estate. In addition, it can participate in other companies of any kind in Switzerland and abroad, establish, acquire and merge them, acquire, manage, encumber and sell properties and intellectual property rights in Switzerland and abroad, and by decision of the Board of Directors, establish branches and agencies in Switzerland or abroad, also provide financing for its own account or for third-party account, as well as grant guarantees and warranties for subsidiaries and third parties.