The acquisition, alienation and management of real estate in Switzerland, provided that these operations are not subject to the Federal Act on the Acquisition of Real Estate by Foreigners of 16 December 1983 (LFAIE), and abroad, as well as any other activity related to the development of the company. The company may also: carry out all commercial, financial or securities transactions; take participations in other companies; in general, carry out all operations having a direct or indirect connection with the company's purpose in Switzerland and abroad.