The company's purpose is the purchase, sale, construction, operation, rental, management of real estate, brokerage, real estate consulting as well as all activities related to real estate abroad and in Switzerland, provided that these are not subject to the Federal Act on the Acquisition of Real Estate by Foreigners of December 16, 1983 (LFAIE), and commercial exploitation of tourism as well as the purchase and sale of all products and services related to tourism, hospitality, travel, health, sports and leisure. The company may also carry out all commercial, financial or securities transactions, take participations in other companies and, in general, carry out all operations having a direct or indirect connection with the company's purpose in Switzerland and abroad. The company may have subsidiaries or establish branches in Switzerland and abroad.