The company's purpose is to build, acquire, participate in, hold and sell, as well as manage 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 in Switzerland and abroad. Furthermore, the company may acquire, manage and sell securities, arrange financing of any kind for its own account or for the account of third parties, take out and grant loans, as well as provide guarantees and other securities for the liabilities of third parties and related persons.