The purpose of the company is the acquisition, maintenance, operation and management of properties. The company is authorized to acquire, encumber, sell and manage real estate in Switzerland and abroad. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies. Furthermore, it may acquire, manage and sell securities and engage in trade with goods of all kinds. In addition, the company may conduct all business that is suitable to promote the development of the company and the achievement of its purpose.