The development, planning, construction, purchase, sale, administration and management of real estate for its own account or on behalf of third parties, including general and total entrepreneurial activities, as well as the purchase, administration and disposal of assets of all kinds. The company may also engage in any commercial, financial or other activity that is directly or indirectly related to the company's purpose. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct all activities directly or indirectly connected with its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing on its own account or on behalf of third parties and grant guarantees and sureties for controlled companies and third parties.