The purpose of the company is the (direct and indirect) acquisition, holding and sale of real estate and land as well as participations in companies active in the real estate sector, and in the management, rental, brokerage and administration of real estate, land and properties of all kinds, creation of condominium ownership. 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 grant guarantees and sureties for subsidiaries and third parties.