The purpose of the company is the acquisition, sale, development and management of real estate, in particular residential buildings. The company may also acquire, manage and dispose of other suitable investments. The company is active as a landlord of apartments and flats and may operate businesses in the tourism sector. The company may establish branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire or merge with similar or related companies, 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. It may acquire, manage, encumber and dispose of plots of land, intellectual property rights and licenses of all kinds.