The purpose of the company is the development of properties, in particular the realization of the Steinibach project in Hergiswil and the provision of all related services. The company may establish subsidiaries and branches in Switzerland and abroad, acquire or merge with similar or related companies, acquire, hold and sell properties and intellectual property rights, 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.