The company's purpose is: planning and execution of real estate projects, acquisition of land, construction of buildings, purchase, sale, rental and management of real estate. The company may enter into all transactions that are suitable to promote the company's purpose. 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 the account of third parties, as well as provide guarantees and sureties for subsidiaries and third parties.