Acquisition, holding, management, sale, development, creation and renovation of real estate as well as consulting of all kinds in connection with real estate, on its own account and for third parties. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for third parties and grant securities for liabilities of affiliated companies.