The company's purpose is to buy and sell properties, as well as to construct, rent and sell residential and commercial buildings. The company may establish branches and subsidiaries in Switzerland and abroad, and participate in other companies in Switzerland and abroad, as well as conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad, participate in other companies in Switzerland and abroad on its own account or on behalf of third parties, or establish, acquire or finance such companies.