Management, administration and development of all real estate properties for own or third-party account; purchase, sale and brokerage of all real estate properties; execution of all renovation and conversion work on buildings; exercise of all mandates related to the real estate business. 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 business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own or third-party accounts, as well as provide guarantees and sureties for subsidiaries and third parties.