The purpose of the company is the purchase and sale of real estate and land, the planning and realization of real estate projects in Switzerland and abroad, their management as well as all activities and services related thereto, or the brokerage of real estate. 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.