Management of properties, acquisition and sale as well as development of real estate on its own account or on behalf of third parties, and trade in and brokerage of goods of all kinds. 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 on behalf of third parties, and grant guarantees and sureties for subsidiaries and third parties.