The company's purpose is to hold, rent and manage properties of all kinds. The company may establish subsidiaries and branches, as well as participate in other companies in Switzerland and abroad. It may acquire, encumber, develop and sell properties, and arrange financing for its own account or for third parties, and provide guarantees and sureties for subsidiaries and third parties. It may also acquire, encumber, manage and sell copyrights, patents and licenses of all kinds. Furthermore, it may conduct any business that is suitable to promote the development of the company and the achievement of its purpose.