The company's purpose is to acquire, rent, manage, create, sell and administer real estate. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate, intellectual property rights and securities in Switzerland and abroad, and enter into all transactions and conclude contracts that are suitable to promote the company's purpose or are directly or indirectly related to it. It may acquire, develop, manage and exploit patents, licenses and manufacturing processes, provide financing for its own account or for the account of third parties, and grant guarantees and warranties for subsidiaries and third parties.