The company's purpose is to hold real estate. The company may establish agencies, branches and subsidiaries in Switzerland and abroad, and carry out any activity that is suitable to promote the purpose of the company or that is directly or indirectly related to its purpose, in particular also acquire, manage, encumber and sell further real estate and intellectual property rights. It may provide financing for itself and third parties, grant guarantees and other securities, and it may participate in other companies in Switzerland and abroad.