The company's purpose is to create, manage, administer and operate residential and commercial buildings, as well as trade in real estate and chattels. The company may establish branches and subsidiaries in Switzerland and abroad, and participate in other companies in Switzerland and abroad, acquire or merge with similar or related companies, and 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 provide guarantees and sureties for its subsidiaries and third parties.