The company's purpose is to acquire, develop, hold, encumber, manage and sell properties, real estate and building rights. Furthermore, the company aims to operate tourist businesses such as hotels, restaurants, holiday apartments and other businesses in the real estate sector. 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 the account of third parties, as well as provide guarantees and sureties for subsidiaries and third parties.