The company's purpose is to buy and sell real estate, rent and lease, hold and encumber, as well as manage real estate in Switzerland and abroad, construct and renovate, including conversion and expansion work, develop building land and realize construction projects. 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 third-party account, as well as provide guarantees and sureties for subsidiaries and third parties.