The company's purpose is the purchase, sale, brokerage, management, construction, operation and rental of properties and the administration of real estate. It may assume participations in similar companies, acquire or establish such companies and take on all functions that are intended to develop the purpose of the company or have a direct or indirect connection with its purpose. The company may establish branches in Switzerland and abroad and participate in other companies in Switzerland and abroad, acquire or establish companies with an identical or similar purpose, carry out all operations, conclude all contracts that are intended to develop the purpose of the company or are directly or indirectly related to it.