The company's purpose is to acquire, hold, rent, renovate and sell properties, including land and all related services, as well as to plan and develop land. Furthermore, the company engages in all kinds of activities in the construction industry. In addition, the company operates trade in goods of all kinds. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties, as well as provide security for liabilities of affiliated companies. In general, it may conduct all business that is conducive to the company's purpose.