The company's purpose is to acquire, trade, hold, rent, manage and sell real estate and to develop new real estate projects. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire or merge with similar or related companies. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad, and enter into all transactions and conclude contracts that are suitable to promote the purpose of the company or are directly or indirectly related to it.