The purpose of the company is the purchase, sale, holding and management of real estate and real estate projects, as well as the administration of real estate in Switzerland and abroad. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad. The company is authorized to acquire, encumber and dispose of real property 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 sureties for subsidiaries and third parties. Furthermore, the company may enter into any business and conclude contracts that are suitable to promote the purpose of the company or that are directly or indirectly related thereto.