The company's purpose is to acquire, hold, manage and sell real estate, as well as to offer services in this field. To the extent that the company's properties are associated with a business, the company may also operate this business itself or have it operated by third parties on its behalf. Furthermore, 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 the account of third parties, as well as provide guarantees and sureties for subsidiaries and third parties.