The company's purpose is to manage, hold, acquire and sell participations of all kinds, as well as to construct and manage buildings of all kinds. Furthermore, the company aims to provide services in the field of property development. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate, concessions, patents, licenses and other intangible property rights in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties, and grant guarantees, loans and sureties for its subsidiaries and third parties.