Acquisition, sale, ownership, and disposal of all real estate in Switzerland and abroad (in Switzerland with the exception of transactions prohibited by the Federal Act on the Acquisition of Real Estate by Persons Abroad); brokerage, management, administration, marketing, and leasing activities, particularly in the real estate sector; demolition, repair, and renovation, general contracting in the construction industry. The company may establish branches and subsidiaries, participate in or merge with other enterprises, and finance enterprises in which it participates, directly or indirectly, both in Switzerland and abroad. The company may acquire, hold, encumber, and dispose of real property in Switzerland and abroad (in Switzerland excluding transactions subject to the Federal Act on the Acquisition of Real Estate by Persons Abroad). The company may engage in all transactions, incur obligations, and enter into contracts that are suitable to promote the company's purpose and the development of the enterprise or are directly or indirectly related thereto.