The company's purpose is to acquire, hold and manage as well as to sell real estate. The company also aims to develop and realize real estate projects and to trade in real estate. The company may enter into any business and conclude any contracts that are suitable to promote the purpose of the company or that are directly or indirectly related thereto. It may establish branches in Switzerland and abroad, participate in other companies, acquire similar companies or merge with them. It may take out loans and grant them, as well as provide guarantees and other securities.