All real estate operations such as purchase, construction, renovation, enhancement, sale, management, leasing, promotion, and brokerage, excluding all operations prohibited by the Federal Law on the Acquisition of Real Estate by Persons Abroad of December 16, 1983 (LFAIE). The company may also: a) carry out all commercial, financial, or securities transactions; b) take participations in other companies; c) in general, carry out all operations directly or indirectly related to the company's purpose in Switzerland and abroad. The company may have subsidiaries or create branches in Switzerland and abroad.