The purpose of the company is the purchase, sale, marketing, exchange, brokerage, management, financing, use, conversion, maintenance, management and rental of properties of all kinds, with the exception of transactions prohibited by the Federal Act on Acquisition of Real Estate by Foreigners (BewG); the acquisition and management of participations, with the exception of participations in real estate companies subject to the BewG. The company may also carry out any kind of financial, commercial or industrial, movable or immovable property transactions which are directly or indirectly related to its purpose; establish branches in Switzerland or abroad; participate in companies which are directly or indirectly related to its purpose; grant loans and guarantees to shareholders and third parties.