The purpose of the company is the acquisition, holding, management, marketing and sale of real estate. The company may establish branches and subsidiaries in Switzerland and abroad. The company may conduct business with or for the benefit of related parties, including its direct and indirect shareholders and other group companies, in particular by granting loans to these persons or providing guarantees, sureties, pledges or other securities to secure their liabilities, in each case whether for consideration or not and even if these transactions are in the exclusive interest of the related parties. The company may acquire, hold, manage, encumber, utilize and sell properties, participations, financial instruments and intellectual property rights in Switzerland and abroad. The company may engage in any further activity that is directly or indirectly related to the aforementioned purposes.