The company's purpose is to create, hold, manage and trade in real estate and to carry out construction activities. In addition, the company may conduct any business that is suitable to promote or facilitate the development of the company and the achievement of its purpose. The company may, in particular, participate in other companies in Switzerland and abroad, finance them, and establish subsidiaries and branches in Switzerland and abroad. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties, as well as provide guarantees and sureties for subsidiaries and third parties.