The purpose of the company is the purchase, sale, brokerage and management of real estate, as well as the construction of buildings on its own account and on behalf of third parties. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad. It may acquire, hold and dispose of real estate in Switzerland and abroad. Furthermore, it may carry out all commercial, financial and other activities that are related to the purpose of the company or are suitable to promote it directly or indirectly.