The company's purpose is to buy, sell, trade, broker, manage and rent real estate of all kinds, as well as to acquire, manage and hold participations in companies of all kinds. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and 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 its subsidiaries and third parties. Furthermore, the company may acquire and exploit licenses, concessions and rights, acquire or merge with similar or related companies. The company may engage in all commercial, financial and other activities that are related to its purpose.