The acquisition, disposal, promotion and administration of real estate. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct business that is directly or indirectly related to its purpose. The company may acquire, encumber, dispose of and administer real estate in Switzerland and abroad. It may also provide financing on its own account or on behalf of third parties, as well as issue guarantees and sureties for subsidiaries and third parties.