Trading in real estate and provision of all related services, excluding all transactions that require a permit under the Federal Act on the Acquisition of Real Estate by Persons Abroad, as well as provision of services related to the creation, management, rental, brokerage, operation, maintenance and upkeep of real estate. The company may establish branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire or merge with similar or related companies, and enter into all transactions and conclude contracts that are suitable to promote the purpose of the company or are directly or indirectly related thereto. It may acquire, manage, encumber and dispose of properties, intellectual property rights and licenses of all kinds. It may also provide financing for its own account or for the account of third parties, as well as provide guarantees and sureties for subsidiaries and third parties.