The company's purpose is the acquisition and sale of real estate of all kinds, the construction of buildings, rental, management and brokerage of objects in the aforementioned areas; participations; operation of restaurants. 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. Furthermore, the company may conduct any business that is suitable to promote the development of the company and the achievement of its purpose.