The company's purpose is to acquire and sell properties and plots of land, as well as to construct, rent, lease and manage buildings of all kinds. The company is authorized to take all measures and conduct all business that is suitable to promote the company's purpose directly or indirectly. 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, 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 security for liabilities of affiliated companies.