The company's purpose is the sale of advertising, the provision of services in the areas of management, corporate administration and office work, the trade in goods of all kinds and the execution of real estate transactions of all kinds excluding transactions requiring approval pursuant to the BewG, in particular in the areas of purchase and sale, project development and financing. The company also aims at the acquisition and disposal of real estate and participations in real estate, real estate projects and licenses. 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.