The company's purpose is the acquisition, sale and rental of real estate; the construction of real estate for sale or rental; the promotion, management and development of real estate projects; the management and administration of buildings; participation in and financing of companies. The company may establish branches and subsidiaries in Switzerland and abroad, acquire participations in other companies in Switzerland and abroad, and carry out all transactions that are directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also carry out financing for its own account or for the account of third parties and grant guarantees and sureties for subsidiaries and third parties.