The purpose of the company is the acquisition, holding, management, sale or exchange of real estate, as well as the construction and rental of residential and other buildings. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business that is directly or indirectly related to its purpose. Furthermore, it may acquire, manage and sell securities, take out and grant loans. It may also provide financing for its own account or for the account of third parties, enter into guarantees and sureties for subsidiaries and third parties, and acquire, hold, exploit and sell patents, trademarks and other intellectual property rights or licenses.