The company's purpose is to buy and sell, manage, rent, renovate and redevelop properties, as well as operate restaurants and gastronomy. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies. The company is authorized to acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for third-party account, grant and take out loans, and provide guarantees and sureties for subsidiaries and third parties. Furthermore, the company may conduct any business that is suitable to promote the development of the company and achieve its purpose (including acquiring intellectual property rights and protecting trademarks).