Creation, purchase, management, operation, rental, development, financing and sale of real estate as well as participation in real estate projects and provision of facility management services. May establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct all business that is directly or indirectly related to its purpose, including financing for its own account or for the account of third parties, and grant guarantees and sureties for subsidiaries and related parties.