The company's purpose is to acquire and hold real estate and to participate in companies of all kinds, in particular in the field of real estate management and real estate development. The company is authorized to acquire, encumber, sell and manage real property in Switzerland and abroad. The company may participate in other companies, acquire and sell other companies, establish branches and found subsidiaries in Switzerland and abroad. It may acquire, manage and sell securities and intellectual property rights and conduct all business directly or indirectly related to the aforementioned purpose.