The company's purpose is to acquire, hold, encumber, develop, manage, rent and sell properties in Switzerland and abroad. 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. It may acquire, manage, exploit and sell participations in other companies, as well as patents, licenses and other intellectual property rights. Furthermore, it may provide financing for its own account or for the account of third parties, as well as grant guarantees and sureties for its subsidiaries and third parties.