Purchase, sale, management and brokerage of real estate as well as planning, design and realization of developments and individual properties, in particular the purchase and sale as well as new construction and renovation of properties as general and total contractor. 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 guarantees and sureties for subsidiaries and third parties.