Real estate transactions, in particular brokerage, acquisition, management, rental and sale of properties, construction and planning of buildings as well as renovation and refurbishment of properties. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, evaluate and broker inventions, patents and other intellectual property rights, and conduct all business that is directly or indirectly related to its purpose. It may acquire, encumber, sell and manage real estate in Switzerland and abroad, arrange financing for its own account or for third-party account, and provide guarantees and sureties for subsidiaries and third parties.