Holding and managing participations, renting, leasing, managing and any other form of disposal of real estate of legal or private persons that are not subject to licensing requirements under the Federal Act on Commercial Enterprises (BewG). The company may establish branches in Switzerland and abroad, participate in other companies of any kind, take over representations and enter into all transactions and contracts that may be suitable to promote the purpose of the company, or that are directly or indirectly related thereto. It may also enter into financing for its own account or for the account of third parties, as well as guarantees, sureties and pledge agreements for affiliated companies and third parties. It may acquire, lease, rent, encumber and dispose of real estate in Switzerland and abroad. The company may acquire, hold, manage or sell any kind of debt or securities in Switzerland or abroad.