The purpose of the company is: the purchase, sale, construction, operation, rental and management of real estate, the granting of commercial leases, brokerage, real estate consulting and all real estate activities, provided that these are not subject to the Federal Act on the Acquisition of Real Estate by Foreigners of December 16, 1983 (LFAIE). The company may also: a) carry out all commercial, financial or securities transactions; b) grant loans or guarantees to shareholders, group companies or third parties when it serves its interests; c) 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.