In Switzerland and abroad, purchase, sale and development of real estate, subject to and in compliance with the applicable acquisition restrictions in the respective country (in Switzerland, in particular in accordance with the provisions of the Federal Act on the Acquisition of Real Estate by Foreigners (restriction on residential properties)); management and consulting in real estate matters; rental and sub-rental of real estate. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as acquire, manage, negotiate or sell licenses, patents and other intellectual property rights. It may engage in all commercial, financial and other activities that are directly or indirectly related to the company's purpose. In particular, the company may grant loans, guarantees and other types of financing and security to affiliated and related companies.