The purpose of the company is: all real estate transactions and direct or indirect participations in all commercial, industrial or other companies, in Switzerland or abroad, excluding operations and participations prohibited by the Federal Law on the Acquisition of Real Estate by Foreigners (LFAIE). The company may acquire, encumber, manage and dispose of real estate within the limits of the LFAIE, carry out all financing activities for its own account or for the account of third parties, grant guarantees and loans to associates or third parties, if it serves its interests. The company may engage in any financial, commercial or industrial activity, movable or immovable, directly or indirectly related to its purpose.