The company's purpose is to develop properties on its own account or on behalf of third parties, to buy and sell and manage real estate, to hold participations in other companies and to carry out all transactions related thereto. It may establish branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire, establish or merge with similar or related companies, acquire, manage and sell participations, and enter into all business and conclude contracts that are suitable to promote the purpose of the company or are directly or indirectly related thereto.