The purpose of the company is the management, brokerage, purchase and sale, administration and project development of real estate. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies. The company is authorized to 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, grant and take out loans, and provide guarantees and sureties for subsidiaries and third parties. Furthermore, the company may conduct any business that is suitable to promote the development of the company and the achievement of its purpose.