The company's purpose is to acquire and sell properties on its own account and on behalf of third parties, as well as to trade, manage and develop such properties. Furthermore, it may enter into any business that is conducive to the purpose of the company. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct any 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 on its own account or on behalf of third parties, as well as provide guarantees and sureties for subsidiaries and third parties.