The company's primary purpose is the acquisition and holding of real estate. The company may, in particular, acquire, sell and manage properties. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad. The company may carry out all commercial and financial transactions directly or indirectly related to its purpose. Furthermore, the company may grant loans and other direct or indirect financing to its directly or indirectly held subsidiaries as well as to other companies or individuals, and provide security of any kind for any obligations of these other companies or individuals, in particular in the form of guarantees or sureties, as well as pledges or security assignments of the company's assets, even if such financing or security is in the interest of such other companies or individuals.