The company's purpose is the acquisition, rental and sale of properties and land, the development of land, the construction, renovation and renewal of residential and commercial buildings, real estate and general asset management, as well as the financing and encumbrance of properties and land. 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 for its own account or for the account of third parties, as well as provide guarantees and sureties for subsidiaries and third parties.