The company's purpose is to acquire, sell and manage properties, as well as to carry out conversions, new constructions and renovations of real estate, including planning and construction management. The company may establish branches and subsidiaries in Switzerland and abroad, and participate in other companies. It is authorized to acquire, encumber, sell and manage licenses, patents and other intangible assets, as well as real estate, in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties, and grant guarantees and sureties for its subsidiaries.