Acquisition, sale, creation, management, administration, exploitation and rental of all types of real estate, in particular it is authorized to acquire, encumber, sell and manage real property, as well as the execution of goods transports of all kinds at communal, national and international level and the acquisition of the necessary means of transport, vehicles, concessions and permits. May establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct all business that is directly or indirectly related to its purpose. May acquire, encumber, sell and manage real property in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties, as well as grant guarantees and sureties for subsidiaries and third parties.