The purpose of the company is the development, planning and execution of new and renovation projects, as well as the acquisition, holding, rental, leasing and sale of properties, with the acquisition being limited to properties that may be acquired by persons abroad without authorization under applicable Swiss regulations. The company may participate in companies within the scope of its purpose, finance them or found or acquire them, and may establish branches, subsidiaries and representations in Switzerland and abroad. Furthermore, the company may engage in all commercial, financial or other activities that may be suitable to promote the purpose of the company or that are directly or indirectly related to it.