The purpose of the company is: a) The purchase and sale as well as the financing of real estate in Switzerland and abroad for its own account or for the account of third parties; b) Participation in, financing and execution of financial, commercial and commodity transactions in Switzerland and abroad; c) Acquisition and management of participations in commercial and industrial enterprises in Switzerland and abroad, as well as the execution of the resulting transactions. 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 grant guarantees and sureties for subsidiaries and third parties.