Evaluation, management, purchase and sale of real estate for the company or on behalf of third parties, brokerage of purchase and sale transactions and all transactions related to real estate, as well as provision of services of all kinds in connection with real estate. 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, acquire, encumber, sell and manage real estate in Switzerland and abroad, also arrange financing for its own account or for the account of third parties and provide securities for liabilities of affiliated companies.