The company's purpose is to create, purchase, sell and manage real estate. Excluded are licensing-requiring transactions according to the Federal Act on the Acquisition of Real Estate by Persons Abroad (BewG). Furthermore, the company may hold, acquire, manage, exploit and sell participations, licenses, patents and trademarks. 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, as well as provide guarantees and sureties for subsidiaries and third parties.