The company's purpose is to engage in any activity related to the real estate sector, in particular the purchase, sale, promotion, construction, renovation and rental of buildings. The company may conduct all financial and commercial transactions that are connected with its purpose or suitable to promote it. The company may establish subsidiaries in Switzerland and abroad, acquire, hold and sell properties. It may exercise all commercial, financial and other activities worldwide that are connected with its purpose. Furthermore, it may arrange international financing for its own account or for the account of third parties, as well as provide guarantees and sureties in favor of affiliated companies worldwide.