The company's purpose is to carry out all real estate transactions such as purchasing, developing, managing, renting and selling, excluding all operations prohibited by the Federal Act on the Acquisition of Real Estate by Foreigners of December 16, 1983 (LFAIE). The company may also conduct all commercial, financial or securities transactions; acquire interests in other companies; and, 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.