The company's purpose is the purchase, sale, rental, management, administration, construction and transformation of all real estate as well as the trade in materials of all kinds. The company may engage in all commercial, financial and other activities related to its purpose. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad. The company may acquire, hold, dispose of and lease properties. The company may grant loans or guarantees to shareholders or third parties, in particular affiliated companies, if this serves its interests.