The purpose of the company is to conduct all real estate transactions in Switzerland and abroad, in particular the acquisition and sale of developed and undeveloped land, as well as the brokerage, management and rental of real estate. 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, and grant securities for liabilities of affiliated companies.