The company's purpose is: management, administration, purchase, sale of real estate, land and real estate projects abroad and the investments related thereto (in Switzerland, excluding operations subject to the Federal Act on the Acquisition of Real Estate by Foreigners (LFAIE)). The company may also carry out all commercial, financial, movable or immovable transactions (in Switzerland, excluding operations subject to the Federal Act on the Acquisition of Real Estate by Foreigners (LFAIE)) directly or indirectly related to the above-mentioned purpose and likely to promote its social interests, any participation in all companies (in Switzerland, excluding operations subject to the Federal Act on the Acquisition of Real Estate by Foreigners (LFAIE)) pursuing identical or similar purposes, as well as the creation of branches in Switzerland or abroad.