The purpose of the company is the direct and indirect acquisition, holding, operation, management and sale of real estate and land, technical installations of all kinds and equipment, the repair, renovation and restoration of objects and other installations, consumer and investment goods, whereby the company is also allowed to conduct non-profitable business. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies of any kind, take over representations and enter into all transactions and contracts that may be suitable to promote the purpose of the company or are directly or indirectly related to it. It may also provide financing for its own account or for the account of third parties, as well as enter into guarantee, surety and pledge agreements for affiliated companies and third parties. It may acquire, lease, rent, manage, encumber and sell real estate in Switzerland and abroad. The company may acquire, hold, manage or sell any kind of debt or securities in Switzerland or abroad.