The purpose of the company is the purchase and sale of real estate, the development of the same, trade in real estate, management of properties, brokerage of real estate and all transactions that the board of directors considers suitable for the company. 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 third-party account, as well as provide guarantees and sureties for subsidiaries and third parties.