The purpose of the company is to acquire, hold and sell real estate in Switzerland and abroad on its own account; it may hold participations, purchase and sell tangible and intangible assets, establish branches, participate in other companies on its own account or for the account of third parties, or establish or finance such companies. The company may acquire, hold and sell real estate on its own account or for the account of third parties. It may also carry out all commercial, financial and other activities that are connected with the company's main purpose.