The purchase, sale, ownership, operation, construction and rental of real estate, excluding all operations prohibited by the Federal Act on the Acquisition of Real Estate by Foreigners (LFAIE). The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad. The company may engage in all commercial, financial and other activities related to its purpose. It may grant loans or guarantees to shareholders or third parties in the interest of the company.