Purchase, sale, creation, rental and management of as well as trade in properties and real estate and consulting and representation of builders as well as further services in the real estate sector. Is authorized to acquire, encumber, sell, broker and manage real property in Switzerland and abroad. May enter into all transactions and conclude contracts that are suitable to promote the purpose of the company or that are directly or indirectly related thereto, and may establish branches and subsidiaries in Switzerland and abroad, participate in other companies, acquire and establish companies, as well as acquire, manage, broker and sell licenses, patents and other intangible assets.