The company's purpose is to acquire, sell and develop real estate. The company may participate in other companies, acquire, manage, exploit and sell patents, licenses and other intellectual property rights. The company may engage in all commercial, financial and other activities that are suitable to contribute to the development of the company and are directly or indirectly related to the company's purpose. The company may establish branches, business premises and subsidiaries in Switzerland and abroad and participate in or acquire companies with similar or identical purposes in Switzerland and abroad.