The company's purpose is to carry out all real estate operations such as purchasing, constructing, renovating, developing, selling, managing, renting, promoting, advising 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 developments in the form of general or total contracting. The company may also: a) carry out all commercial, financial or movable transactions; b) take participations in other companies; c) 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.