The company's purpose is the buying and selling of real estate in Switzerland, as well as the administration and management of the same. The company may also carry out all commercial, financial or other activities directly or indirectly connected with the company's purpose. For the purpose of the company's purpose, the company may acquire, hold and sell, as well as rent, pledge and/or manage movable and immovable property. The company may participate in other companies, acquire or establish other companies of the same kind and establish branches abroad. The company may acquire real estate both in Switzerland and abroad and open branches in Switzerland and abroad.