Acquisition, holding, management and disposal of participations in real estate companies and real estate. The company may, in addition, conduct all business that is suitable to promote or facilitate the development of the company and the achievement of its purpose. The company may participate in, acquire, finance or establish subsidiaries and branches in Switzerland and abroad, acquire, manage and dispose of copyrights, patents and licenses of all kinds. The company may also acquire, encumber, hold and dispose of real estate abroad. It may provide financing for its own account or for the account of third parties, as well as provide guarantees and sureties for subsidiaries and third parties.