The company's purpose is: the acquisition and development of properties on its own account and on behalf of third parties; trading, management and rental of properties in Switzerland and abroad. 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 is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing on its own account or on behalf of third parties and grant securities for liabilities of affiliated companies.