The company's purpose is the acquisition, sale, holding, administration and management of real estate and any participations in other companies, directly or indirectly, in Switzerland or abroad, with the specification that the company may only hold in Switzerland real estate and/or participations in real estate companies with exclusively commercial use. The company may participate in other businesses and establish branches and subsidiaries, both in Switzerland and abroad. In general, it may carry out any activity directly or indirectly related to its purpose.