The purchase and sale as well as the management of real estate in Switzerland and abroad, as well as all similar commercial, financial and administrative activities in relation to the aforementioned real estate activity. Financial participation in other companies and in particular the acquisition and management of shares of national and foreign companies. The company may also operate on a fiduciary basis, both in Switzerland and abroad. Commercial activity on an international level; the holding and use of patents, trademarks and know-how, as well as all similar financial and administrative activities in relation to the aforementioned activity. The company may also hold, directly or indirectly, real estate or participations in real estate companies abroad.