Purchase and sale, brokerage, rental, management and leasing of properties and real estate, as well as planning, construction and renovation of buildings 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, acquire, encumber, sell and manage real estate in Switzerland and abroad, also arrange financing for its own account or for third-party account, and provide guarantees and sureties for subsidiaries and third parties.