Acquisition, holding, rental and sale of properties and plots of land, development of plots of land, new construction, renovation and renewal of residential and commercial buildings, real estate and general asset management, as well as financing and encumbrance of properties and plots of land. The company may enter into all transactions, take measures and conclude contracts that are connected therewith or suitable to promote the purpose of the company. The company may establish branches in Switzerland and abroad, acquire, hold and grant licenses, participate in companies of the same or related industries or acquire or establish and finance such companies. The company may acquire, manage and sell plots of land.