The company's purpose is to develop, purchase, sell, rent and manage properties, real estate, apartments or participations in real estate, as well as all related business activities. The company may also provide services in the areas of administration and rental of apartments, holiday apartments, accommodation and hospitality, as well as procurement of corresponding facilities and services. The company may acquire, hold, exploit or sell patents, trademarks and other intellectual property rights and license rights. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies. The company may acquire, hold, sell and encumber properties in Switzerland and abroad. The company may also conduct all business, enter into obligations and conclude contracts that are suitable to promote the company's purpose and the development of the company, or that are directly or indirectly related to it. It may also provide financing for its own account or for the account of third parties, as well as guarantees and sureties for companies affiliated with the company and for third parties.