The purpose of the company is the acquisition, encumbrance, sale, management and brokerage of real estate in Switzerland and abroad, as well as the development of real estate projects. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business that is directly or indirectly related to its purpose. It may also provide financing for its own account or for the account of third parties, and grant securities for the liabilities of affiliated companies.