The company's purpose is: the purchase, sale, construction and operation of all real estate, in particular long-term, seasonal or short-term rental; the management, brokerage and valuation of real estate; the acquisition, management and administration of participations in other companies both in Switzerland and abroad; the company may also carry out any financial and commercial operation that directly or indirectly pursues its social purpose, as well as grant loans to its shareholders, subsidiaries or any other third party of its choice. In general, it may carry out any operation and conclude any contract that is suitable for developing and expanding its purpose or relating directly or indirectly thereto.