The purpose of the company is to acquire, hold and sell properties and plots of land, in particular residential properties. Distribution of appliances for daily use, in particular for the areas of electrical household appliances as well as planning and construction of installations and buildings in the kitchen and sanitary areas and furthermore operation of a general contractor; provision of services and financing of transactions in all aforementioned areas and operation of further activities related to the company's purpose. The company may participate in other companies, establish subsidiaries and branches in Switzerland and abroad and, in addition, carry out all legal transactions that may be necessary to achieve the company's purpose. The company is authorized to take financing, restructuring and guarantee measures in favor of shareholders, group companies or third parties and to grant loans to shareholders, group companies or third parties if this is in the interest of one or all of the aforementioned persons.