The purpose of the company is the acquisition, holding, renting and sale of properties of all kinds. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct all business that is directly or indirectly related to its purpose. The company may acquire, hold, encumber, sell and manage real estate in Switzerland and abroad. Furthermore, it may grant and take out loans, provide guarantees and other securities, in particular in favor of affiliated and related companies, but also for third parties.