The company's purpose, excluding all operations subject to authorization under the Federal Act on the Acquisition of Real Estate by Foreigners, is: the realization of construction projects as a building owner and the operation of housing; the purchase and sale of real estate; the management of land ownership; the provision of advice and negotiations in real estate matters; interior design and decoration. The company may: engage in any financial, commercial or industrial activity, movable or immovable, directly or indirectly related to its purpose; create branches or subsidiaries in Switzerland and abroad; participate in all companies having a direct or indirect relationship with its purpose; grant loans or guarantees to shareholders or third parties, if it serves its interests.