The company's purpose is all real estate operations such as buying, building, renting, transforming, selling and managing buildings, real estate development and all real estate realizations in the form of a general or total enterprise. The company may carry out all commercial, financial or real estate transactions, take participations in other companies and in general carry out all operations having a direct or indirect relationship with the company's purpose both in Switzerland and abroad. The company may have subsidiaries or branches both in Switzerland and abroad.