The company's purpose is to manage properties and apartments. 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. It may also provide financing for its own account or for third-party account, grant and take out loans, and provide guarantees and sureties for subsidiaries and third parties. Furthermore, the company may conduct all business that is suitable to promote the development of the company and the achievement of its purpose, in particular also acquire intellectual property rights and have trademarks protected.