The company's purpose is to manage and enhance its own assets, in particular through the purchase, sale, management, rental and enhancement of real estate, the purchase and sale of securities and rights, as well as participation in companies and the granting and taking up of loans and the execution of all transactions related to this purpose. The company does not operate a commercially managed business. 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 security for liabilities of affiliated companies.