Purchase, management, administration and sale of real estate. May establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as carry out all commercial and financial transactions that may be conducive to the realization of its purpose, furthermore, arrange financing in Switzerland and abroad for its own account or for the account of third parties, take out and grant loans, provide guarantees and other securities, as well as acquire, manage and exploit intellectual property rights.