The company's purpose is to manage, renovate and rent properties in Switzerland and abroad. 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 parties, as well as grant guarantees and sureties for subsidiaries and third parties. The company may establish subsidiaries and branches and participate in other companies. The company may acquire, hold and sell real estate and intellectual property rights. The company may also engage in all commercial, financial and other activities that are directly or indirectly related to its purpose. The company may provide direct or indirect financing to third parties or companies in which it is directly or indirectly involved, as well as to direct or indirect shareholders or companies in which such shareholders are directly or indirectly involved, whether through loans and/or other financing, with or without consideration. The company may provide security of any kind for its own liabilities or the liabilities of the aforementioned persons, including through pledges, assignments, fiduciary transfers, guarantees of any kind or through offset obligations, with or without consideration, even if such financing, security or guarantees are in the exclusive interest of third parties or companies in which it is directly or indirectly involved, or of direct or indirect shareholders or companies in which such shareholders are directly or indirectly involved.