The company may acquire and sell real estate and properties in Switzerland and abroad; it may participate in other companies in Switzerland and abroad. It may support, develop and accompany development, aid and support projects or financially promote such projects. The company may carry out all commercial and financial transactions that are conducive to its purpose. The company is authorized to acquire, encumber, sell and manage real estate. The company may establish branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire similar or related companies or merge with such companies, and enter into all transactions and conclude contracts that are suitable to promote the purpose of the company or are directly or indirectly related to it. It may acquire, manage, encumber and sell properties, copyrights, patents and licenses of all kinds.