The company's purpose is to acquire, hold, sell and finance real estate in Switzerland and abroad, as well as to rent and manage properties. The company is authorized to encumber real estate. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad. The company may engage in all commercial, financial and other activities that are directly or indirectly related to the company's purpose. In particular, the company may grant loans, guarantees and other forms of financing and collateral to affiliated and related companies, and raise and invest funds on the money and capital markets.