The company's purpose is to acquire, manage and dispose of real estate and properties, in particular to hold and rent, as well as to own and trade in and with real estate and properties in Switzerland and abroad, and to carry out renovations and conversions. 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 the account of third parties, as well as grant guarantees and warranties for subsidiaries and third parties.