The company's purpose is to carry out all real estate transactions, in particular the purchase, sale, construction, rental and management of real estate. The company may also be interested in or involved in other companies with a similar purpose. The company may engage in all trade, financial and real estate transactions directly or indirectly related to its purpose, both domestically and abroad, for its own account or on behalf of third parties (in Switzerland, excluding transactions subject to the Federal Act on the Acquisition of Real Estate by Foreigners). The company may also participate in all commercial, industrial and financial companies (in Switzerland, excluding transactions subject to the Federal Act on the Acquisition of Real Estate by Foreigners) and establish branches in Switzerland and abroad.