The company's purpose is to acquire, sell, exchange and trade in real estate of all kinds (in Switzerland, excluding transactions subject to the Federal Act on the Acquisition of Real Estate by Persons Abroad) as well as to manage real estate and provide services of any kind related to real estate; to trade in new and used cars and to distribute spare parts of all kinds. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad. The company may acquire (in Switzerland, excluding transactions subject to the Federal Act on the Acquisition of Real Estate by Persons Abroad), hold, encumber and sell properties. Furthermore, the company may conclude all transactions related to its main purpose and take any measures that the Board of Directors considers suitable in the interest of the company. May grant or secure loans and guarantees to shareholders or third parties and secure pledges by means of pledge certificates.