Trading in as well as holding, managing and renting of real estate in Switzerland and abroad, and providing services in the real estate sector, in particular real estate consulting, real estate trust, brokerage of real estate and real estate financing, as well as property management. May also participate in, found, acquire and merge with other companies of any kind in Switzerland and abroad, acquire, encumber and dispose of intellectual property rights in Switzerland and abroad, and establish branches and agencies in Switzerland or abroad by decision of the management.