Carrying out real estate transactions in Switzerland and abroad, such as 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 establish branches and subsidiaries, participate in other companies, arrange financing for its own account or for third parties, take out and grant loans, provide guarantees and other securities for subsidiaries and third parties, and acquire, manage and exploit securities and intellectual property rights.