The company's purpose is to acquire, encumber, develop, rent, manage and sell real estate of all kinds in Switzerland and abroad. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies, acquire or sell other companies. It may acquire, encumber, manage and dispose of securities. It may conduct all business that may be conducive to the realization of its purpose. It may borrow and grant loans, provide guarantees and other securities, acquire, manage and exploit intellectual property rights.