The company's purpose is to buy and sell real estate on its own account and on behalf of third parties, as well as to manage real estate. The company may establish branches and subsidiaries in Switzerland and abroad and participate in similar or related Swiss and foreign companies, as well as conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell, rent, lease and manage real estate in Switzerland and abroad. It may also acquire securities of all kinds. Furthermore, it may provide financing for its own account or on behalf of third parties, as well as grant guarantees and sureties for subsidiaries and third parties.