The company's purpose is to acquire, manage, use, rent, build and renovate, as well as sell real estate, with the exception of plots of land in Switzerland, whose acquisition is subject to authorization under the Federal Act on the Acquisition of Real Estate by Persons Abroad. 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 securities for the liabilities of affiliated companies and third parties.