The company's purpose is to develop properties primarily in Switzerland and partly abroad through active management, redevelopment and reuse, and similar measures, as well as to carry out all commercial, financial and other activities related to this purpose; the company may participate in other companies and acquire and develop properties with potential for value appreciation and sell developed properties. 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 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 third-party account, as well as provide guarantees and sureties for subsidiaries and third parties.