The company's purpose is: the purchase and sale of real estate and properties in Switzerland (in Switzerland, excluding transactions subject to the Federal Act on the Acquisition of Real Estate by Persons Abroad) and abroad; the management of real estate and properties in Switzerland and abroad; the purchase, sale and management of participations in other companies. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business (except those affected by the Federal Act on the Acquisition of Real Estate by Persons Abroad) that is directly or indirectly related to its purpose.