The company's purpose is to acquire, manage, sell and develop real estate. The company may trade in products and goods of all kinds and, in general, conduct all business that is suitable to promote or facilitate the development of the company and the achievement of its purpose. The company may, in particular, participate in other companies in Switzerland and abroad, finance them, and establish subsidiaries and branches in Switzerland and abroad. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad.