The company's purpose is to acquire, manage, exploit and sell real estate (in Switzerland, excluding transactions subject to the Federal Act on the Acquisition of Real Estate by Persons Abroad). The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business directly or indirectly related to its purpose. The company may acquire, encumber, sell (in Switzerland, excluding transactions subject to the Federal Act on the Acquisition of Real Estate by Persons Abroad) and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for third-party account, as well as grant guarantees and sureties for its subsidiaries and third parties.