The company's purpose is the development, operation, construction, rental, management, sale of and participation in residential and commercial properties. The company may acquire, manage and dispose of participations as well as licenses, patents and other intangible property rights in Switzerland and abroad, carry out financing, conclude contracts and conduct all business that falls within the scope of the aforementioned purpose or is suitable for promoting it directly or indirectly. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct all business that is directly or indirectly related to its purpose.