The company's purpose is: Activities in the field of real estate development. The company may establish branches and subsidiaries in Switzerland and abroad, participate in companies in Switzerland and abroad, as well as carry out all operations that are directly or indirectly related to its purpose. The company may acquire, encumber, alienate and manage real estate in Switzerland and abroad. It may also carry out financing for its own account or for the account of third parties, as well as provide securities for the obligations of affiliated companies or third parties.