The purpose of the company is to acquire, hold and sell participations in companies, in particular real estate companies. The company may itself acquire, hold, manage, develop, encumber and sell real estate, as well as conduct financial, investment and trust transactions of all kinds. The company may establish branches and subsidiaries in Switzerland and abroad, and conduct all business and conclude contracts that may be suitable to promote the purpose of the company or are directly or indirectly related to it. The company may grant direct or indirect financing to its direct or indirect subsidiaries as well as to third parties, including its direct or indirect shareholders and their direct or indirect subsidiaries, and provide security of all kinds for the liabilities of such companies, including by way of pledges on or fiduciary transfers of the company's assets or guarantees of any kind, whether paid or unpaid.