Acquisition and sale as well as development and management of real estate of all kinds, execution of new construction, renovation and financing consulting; can also conduct commercial transactions of all kinds or participate in such transactions that are related thereto. The company may establish branches in Switzerland and abroad, and participate in other similar or related companies in Switzerland and abroad. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire, encumber, sell and manage real estate in Switzerland and abroad, arrange financing for its own account or for the account of third parties, and provide guarantees and sureties for subsidiaries and third parties.