The company's purpose is to acquire, sell, exchange and trade in real estate of all kinds (in Switzerland, excluding transactions subject to the Federal Act on the Acquisition of Real Estate by Persons Abroad), manage real estate and provide any kind of services, in particular in connection with real estate. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad. The company may acquire, hold, encumber and sell properties in Switzerland (excluding transactions subject to the Federal Act on the Acquisition of Real Estate by Persons Abroad). The company may conclude all transactions related to its main purpose and take any measures that the management considers suitable in the interest of the company. The company may grant or secure loans and guarantees to shareholders or third parties and secure pledges by means of pledge certificates.