The purpose of the company is the construction, purchase and sale as well as the holding and management of properties. The company can acquire, develop, encumber, manage and dispose of real estate, as well as conduct all business and conclude contracts that are suitable to promote the purpose of the company, or that are directly or indirectly related to it, conduct financial and commercial transactions, provide financing, establish branches and subsidiaries in Switzerland and abroad, and participate in other companies in Switzerland and abroad.