The company's purpose is to acquire, manage, rent and sell real estate of all kinds in Switzerland (excluding businesses subject to the Federal Act on the Acquisition of Real Estate by Persons Abroad) and abroad. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire or merge with similar or related companies, acquire, manage, encumber and dispose of properties in Switzerland and abroad (excluding businesses subject to the Federal Act on the Acquisition of Real Estate by Persons Abroad). Furthermore, it may enter into any transactions and conclude contracts that are suitable to promote the purpose of the company or are directly or indirectly related thereto (excluding businesses subject to the Federal Act on the Acquisition of Real Estate by Persons Abroad).