The company's purpose is to buy and sell real estate, trade in real estate, and develop, renovate, manage and administer real estate. The company may enter into all transactions and conclude contracts that are directly and indirectly related to the company's purpose. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account and for third-party accounts, as well as provide guarantees and sureties for subsidiaries and third parties.