The purpose of the company is the development of real estate projects. The company may participate in other companies, acquire, exploit, manage and sell properties and intellectual property rights, establish subsidiaries and branches in Switzerland and abroad, and perform all legal acts that may be necessary to achieve the company's purpose. Furthermore, the company may conduct all business that is suitable to enable or promote the development of the company. The company may participate in group financing, in particular by granting loans to its direct or indirect shareholders or other group companies, or by providing guarantees, sureties or other securities of any kind for their liabilities to third parties.