The purpose of the company is to acquire, hold, manage, encumber, develop and sell real estate and to acquire, hold and manage participations in other companies and enterprises in Switzerland and abroad. The company may establish subsidiaries and branches. The company may acquire, hold, manage, encumber and dispose of intellectual property rights. The company may also carry out all commercial, financial and other activities that are directly or indirectly related to the purpose of the company. The company may grant loans and other direct or indirect financing to group companies and third parties, including its (direct and indirect) shareholders and their group companies, and provide security of any kind for their liabilities, including by way of pledges on or fiduciary transfers of the company's assets or guarantees of any kind, whether remunerated or not.