Real estate transactions in Switzerland and abroad, including financing, acquisition, management, rental and sale of real estate, development of projects, construction of buildings on its own account and for third parties, participation in real estate transactions and assumption and exercise of building trust functions; may participate in other companies, acquire, sell and grant patents, licenses, representations and other intangible assets, provide financing for its own account or for third parties, and enter into guarantees and sureties for subsidiaries and third parties.