The company's purpose is to buy, sell, manage, develop, hold, operate, create and finance commercial and residential properties. The company may engage in any activities that serve this purpose. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire, encumber, sell and manage real estate in Switzerland and abroad, provide financing for its own account or for third-party account, and grant guarantees and warranties for subsidiaries and third parties.