The company's purpose is to acquire, sell and hold, manage and develop real estate, as well as to acquire, sell and hold participations. The company 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. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties, as well as grant securities for liabilities of affiliated companies and third parties.