The purpose of the company is: all real estate transactions such as rental, management, purchase, construction, renovation, development, sale, promotion and brokerage, excluding any operations prohibited by the Federal Act on the Acquisition of Real Estate by Foreigners (LFAIE), as well as all real estate developments in the form of general or total enterprise. The company may also: carry out all commercial, financial or movable transactions; take participations in other companies; grant loans or guarantees to associates or third parties, if it serves its interests; 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.