The purpose of the company is the purchase, development, sale and management of properties in Switzerland and abroad. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business directly or indirectly related to its purpose. It may also acquire, hold, encumber, manage and dispose of licenses, patents and other intangible assets. Furthermore, it may provide financing for its own account or for the account of third parties, as well as grant guarantees and sureties for subsidiaries and third parties.