The company's purpose is to manage real estate. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber and sell operational real estate in Switzerland within the meaning of Art. 2 para. 2 lit. a of the Federal Property Tax Act and acquire, encumber and sell real estate 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.