The purpose of the company is the acquisition and sale of real estate and its development. The company can acquire, sell, construct, rent, manage and encumber properties. The company can 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. It can also arrange financing for its own account or for the account of third parties and provide security for liabilities of affiliated companies.