Management, brokerage, consulting, development, operation, acquisition and sale of real estate of all kinds, excluding all transactions that require a permit under the Federal Act on the Acquisition of Real Estate by Persons Abroad, provision of services as architects, general contractors, project managers, construction managers, engineers, as well as the execution of planning and technical implementation work in the construction industry. May establish branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire or merge with similar or related companies, and enter into all transactions and conclude contracts that are suitable to promote the purpose of the company or are directly or indirectly related to it, as well as acquire, manage, encumber and dispose of real estate, intellectual property rights and licenses of all kinds.