The company's purpose is to acquire, hold, manage and dispose of real estate in Switzerland and abroad, to develop real estate projects and to provide services in this field. Activities subject to authorization under financial market laws are excluded. It may establish branches in Switzerland and abroad, found subsidiaries, participate in related companies, acquire, hold, manage, encumber, exploit and dispose of intellectual property rights, and furthermore carry out all legal transactions that may be necessary to achieve the company's purpose, in particular to grant financing to affiliated and other companies, provide securities of all kinds or otherwise secure or guarantee the obligations of these companies.