The company's purpose is to carry out all real estate operations such as purchasing, constructing, renovating, developing, selling, managing, renting, promoting, advising on real estate and brokering, excluding all operations prohibited by the Federal Act on the Acquisition of Real Estate by Foreigners of December 16, 1983 (LFAIE), as well as all real estate development in the form of general or total contracting. The company may also conduct all commercial, real estate or movable property transactions; acquire interests in other companies; and, in general, carry out all operations having a direct or indirect connection with the company's purpose in Switzerland and abroad. The company may have subsidiaries or establish branches in Switzerland and abroad.