Acquisition, holding and sale of real estate, its development, management and provision of related services. May establish branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, establish, acquire or merge with similar or related businesses, acquire, encumber, manage and dispose of properties in Switzerland and abroad in its own name or on behalf of third parties, and enter into any business and conclude any contracts that are suitable to promote the purpose of the company or are directly or indirectly related to it.