The company's purpose is to manage and administer real estate, as well as to acquire, develop and sell real estate projects. 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 for its own account or for the account of third parties, and grant guarantees and sureties for its subsidiaries and third parties.