Purchase and sale of real estate, its management and exploitation, as well as trade in goods of all kinds. May establish branches and subsidiaries in Switzerland and abroad and participate in other companies. Is authorized to acquire, encumber, sell and manage real estate in Switzerland and abroad. May also provide financing for its own account or for the account of third parties, grant and take out loans, and provide guarantees and sureties for subsidiaries and third parties, and in general conduct all business that is suitable to promote the development of the company and the achievement of its purpose, in particular also acquire intellectual property rights and have trademarks protected.