The company's purpose is the acquisition, development, holding, management, marketing, sale and other exploitation of real estate, properties, real estate projects and all types of immovable property, as well as the acquisition, development, holding, management and exploitation of direct and indirect participations in enterprises, particularly in companies in the real estate sector. The company may not conduct business that requires authorization under Swiss banking or stock exchange legislation and/or legislation concerning collective investment schemes. The company may establish branches and subsidiaries in Switzerland and abroad and invest 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, dispose of and manage real property in Switzerland and abroad. It may also provide financing for its own account or for the account of others, as well as provide guarantees and sureties for subsidiaries and third parties.