Trading, renting, leasing and brokerage of properties and real estate, promotion, renovation and redevelopment of individual plots of land and buildings, organization and management of construction projects and corporate consulting in the real estate sector and all related areas, including the provision of all related services on its own account and on behalf of third parties, as well as trading in goods of all kinds. May establish branches and subsidiaries in Switzerland and abroad, participate in other companies, assume representations and engage in any business activity and conclude contracts of any kind that may promote the purpose of the company or are directly or indirectly related to the purpose of the company, and acquire, hold, manage, encumber and sell properties in Switzerland and abroad. Excluded are transactions prohibited by the Federal Act on the Acquisition of Real Estate by Persons Abroad (Lex Koller).