The company's purpose is the acquisition, encumbrance, management and disposal of real estate, as well as the development and realization of real estate projects in Switzerland and abroad. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire, manage, exploit and dispose of concessions, licenses, patents and other intellectual property rights, provide financing on its own account or on behalf of third parties, and grant guarantees and sureties for subsidiaries and third parties, and in general conduct all business that is directly or indirectly related to its purpose.