The company's purpose is to participate in real estate developments, purchase and sell properties. 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 is authorized to acquire, encumber, sell and manage real estate in Switzerland and abroad. Furthermore, the company may enter into any business and conclude contracts that are suitable to promote the development of the company and achieve its purpose, or that are directly or indirectly related thereto.