The purchase, sale, holding, administration and management of participations, directly or indirectly, in any company or commercial, financial, movable or immovable enterprise; all activities in the field of real estate, in particular the acquisition, sale, development, construction, rental, administration and management, excluding all operations prohibited by the LFAIE. Furthermore, it may carry out, either on its own account or on behalf of third parties, all financial, commercial, movable or immovable transactions directly or indirectly related to its corporate purpose and may be interested, in any form, in all similar enterprises, in particular by taking participations in similar enterprises. The company may also establish branches and subsidiaries in Switzerland and abroad.