The purchase, sale, exploitation, rental and management of real estate and properties, brokerage, consulting and all activities related to real estate directly or indirectly in Switzerland or abroad, excluding any operation prohibited by the LFAIE, i.e. excluding any real estate transaction that does not have an exclusively commercial purpose. In general, the company may carry out for its own account or for the account of third parties all financial, commercial, industrial, movable or immovable transactions, directly or indirectly related to its corporate purpose, take participations in all companies having a direct or indirect relationship with its purpose (with regard to participations in real estate companies based in Switzerland, they will be limited to real estate companies whose properties are exclusively for commercial use) and grant loans or guarantees to shareholders or third parties if it serves its interests. The company may establish branches or subsidiaries in Switzerland and abroad.