The company's purpose is to buy and sell real estate, carry out conversions, new constructions, renovations and management; operate restaurants and hotels and all related businesses; buy and sell works of art and other assets; conduct all kinds of shipping business. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for third-party account, as well as provide guarantees and sureties for subsidiaries and third parties.