Management, rental, administration, brokerage and trading of real estate, plots of land and properties of all kinds. 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, acquire, encumber, sell and manage real estate in Switzerland and abroad, furthermore, arrange financing for its own account or for third-party account and provide guarantees and sureties for subsidiaries and third parties.