The purpose of the company is to acquire, hold, manage and dispose of real estate. The company may establish subsidiaries and branches in Switzerland and abroad, as well as participate in other companies in Switzerland and abroad. It may grant loans or other financing to affiliated companies and third parties, and provide security for their liabilities of any kind, including guarantees, mortgages and fiduciary transfers of the company's assets. It may acquire, encumber, manage and dispose of copyrights, patents and licenses of all kinds. Furthermore, it may conduct any business that is suitable to promote the development of the company and the achievement of its purpose.