The company's purpose is to acquire, develop, hold, manage, market and exploit properties, real estate, real estate projects and real estate of all kinds, as well as to acquire, develop, hold, manage and exploit direct and indirect participations in companies, in particular in companies in the real estate sector. The company may not conduct any business that requires a license under Swiss financial institution legislation and/or collective investment scheme legislation. 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 in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties, as well as provide security for the liabilities of affiliated companies.