Acquisition, management, encumbrance, brokerage and disposal of real estate, as well as execution of construction projects of all kinds as a general contractor. The company 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. It may also provide financing for its own account or for the account of third parties, as well as provide security for liabilities of affiliated companies.