The purpose of the company is to conduct all real estate transactions in Switzerland and abroad, in particular the management and rental, acquisition and sale of built and unbuilt land, as well as the planning, construction, renovation and conversion of buildings on its own account. The company may participate in other companies, establish subsidiaries and branches in Switzerland and abroad, grant loans, acquire, encumber and sell properties, and furthermore carry out all legal transactions that may be necessary to achieve the company's purpose.