The purpose of the company is the acquisition, holding and sale of real estate in Switzerland and abroad, the management and brokerage of real estate in Switzerland and abroad, as well as the planning and execution of new and renovation projects of all kinds in Switzerland and abroad. The company may establish and acquire branches and subsidiaries in Switzerland and abroad, and may encumber or sell real estate. The company may conduct all business and take all measures that appear suitable to promote the purpose of the company or are connected with it. The company may establish branches and subsidiaries in Switzerland and abroad, and may provide guarantees and other securities in favor of affiliated companies.