Acquisition, long-term management and disposal, as well as financing of properties in Switzerland and abroad for its own account or for the account of third parties. 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, in the opinion of the board of directors, is directly or indirectly related to its purpose. The company may encumber its properties and provide guarantees and sureties for subsidiaries and third parties.