The company's purpose is: buying, selling and renting real estate; administration and management of all real estate; provided that these real estate transactions are not subject to the Federal Act on the Acquisition of Real Estate by Foreigners of December 16, 1983 (LFAIE). The company may also: carry out all commercial, financial, movable or real estate transactions, the latter provided that they are not subject to the Federal Act on the Acquisition of Real Estate by Foreigners of December 16, 1983 (LFAIE); take participations in other companies; in general, carry out all operations having a direct or indirect connection with the company's purpose in Switzerland or abroad.