The company's purpose is to develop, create, sell, broker and manage properties. It may conduct all business to achieve this purpose. The company may also provide services to third parties. The company is authorized to acquire, manage, develop and expand properties in Switzerland and abroad. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also arrange financing for its own account or for third-party account, as well as provide guarantees and sureties for subsidiaries and third parties.