The purpose of the company is to conduct real estate transactions of all kinds, including the acquisition, management, rental and sale of real estate, as well as the construction and planning of new buildings and the execution of renovations on its own account or on behalf of third parties. The company may establish branches and subsidiaries in Switzerland and abroad and participate 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, sell and manage real estate in Switzerland and abroad. It may also provide financing on its own account or on behalf of third parties, as well as grant guarantees and sureties for subsidiaries and third parties.