The company's purpose is to acquire, hold, develop, manage, encumber and sell real estate and properties. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies. The company may enter into transactions and conclude contracts that are suitable to promote the purpose of the company or are directly or indirectly related to it. The company may grant direct or indirect loans or other financing to its subsidiaries and third parties and provide security of any kind for the liabilities of such other companies, including by way of pledges on or fiduciary transfers of the company's assets or by way of guarantees of any kind, whether remunerated or not.