The company's purpose is to manage, buy, sell and hold, build and develop real estate. The company may establish branches and subsidiaries in Switzerland and abroad and may participate in and acquire other companies in Switzerland and abroad as well as conduct all business directly or indirectly related to its purpose. The company may in Switzerland and abroad acquire, encumber, dispose of and manage real property. It may also provide financing for its own account or for the account of others as well as provide guarantees and sureties for subsidiaries and third parties.