Carrying out conversions and renovations as well as real estate transactions of all kinds, in particular the purchase, sale, management and development of properties as well as the development of land. The company can enter into all transactions and conclude contracts that are suitable for promoting the purpose of the company or that are directly or indirectly related to it. It can take out loans and/or grant them to third parties. Furthermore, establishing branch offices in Switzerland and abroad, participating in or merging with other companies and taking over representations of all kinds.