The company's purpose is to acquire, sell, exchange and trade in real estate of all kinds (in Switzerland, excluding transactions subject to the Federal Act on the Acquisition of Real Estate by Persons Abroad); to manage real estate and provide any kind of services, in particular in connection with real estate. The company may establish branches and subsidiaries in Switzerland and abroad, participate in or merge with other companies, and directly or indirectly finance companies in which it has a stake. The company may acquire, hold, encumber and dispose of real estate in Switzerland and abroad (excluding transactions subject to the Federal Act on the Acquisition of Real Estate by Persons Abroad). The company may conduct any business, incur obligations and conclude contracts that are suitable to promote the company's purpose and the development of the business or are directly or indirectly related thereto.