Real estate transactions in Switzerland and abroad, including the acquisition, sale and brokerage of real estate, construction, management, rental, operation and maintenance of properties, as well as project management specific to real estate. May participate in other companies in Switzerland and abroad, establish branches and subsidiaries, and carry out all commercial and financial transactions that may be conducive to the realization of its purpose, including financing for its own account or for the account of third parties, borrowing and lending, providing guarantees and other securities for subsidiaries and third parties, as well as acquiring, managing and exploiting securities and intellectual property rights.