The company's purpose is the development of real estate and commercial projects. The company may also, inter alia, buy, sell and ensure the development of real estate and commercial projects; this purpose being limited in Switzerland to the acquisition of buildings for exclusively commercial use; hold, manage and take participations in all companies or enterprises in these fields, in Switzerland or abroad, this purpose being limited in Switzerland to participation in any company having as its purpose the acquisition of exclusively commercial buildings; establish branches and subsidiaries both in Switzerland and abroad. Furthermore, it may carry out all commercial, financial or securities transactions directly or indirectly related to its purpose.