Acquisition, encumbrance, rental, management and disposal of real estate, consulting and other services in all areas of the real estate sector, as well as acquisition, holding, management and disposal of participations in other companies of any kind. May conduct all business that is directly or indirectly related to its purpose, establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, conduct all business that is directly or indirectly related to its purpose, arrange financing for its own account or for third-party account, and grant guarantees and sureties for subsidiaries and third parties.