The company's purpose is to build, operate and manage properties. The company may establish branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire, encumber, manage, sell, develop, lease and sublease properties and land, as well as acquire, sell and grant patents, licenses and other intangible and tangible assets. It may also carry out financing, restructuring and intercession measures for the benefit of shareholders, group companies or third parties, on its own account or on behalf of third parties, and grant loans to shareholders, group companies or third parties or provide security for their obligations. Furthermore, the company may conduct any business that is suitable to promote or facilitate the development of the company and the achievement of its purpose.