The company's purpose is to acquire, encumber, sell, manage and administer real estate in Switzerland and abroad. The company may participate in, merge with or establish companies of a similar nature, and carry out all transactions that are beneficial to the company's purpose. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and 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 third-party account, and grant guarantees and sureties for subsidiaries and third parties.