The purchase, sale, exploitation, rental and construction of all buildings, as well as the holding of real estate participations, excluding operations prohibited by the LFAIE. The company may carry out, either on its own account or on behalf of third parties, all financial, commercial, industrial, movable and real estate transactions (except for operations prohibited by the Lex Koller), in Switzerland and abroad, directly or indirectly related to the main purpose, taking into account, to the extent permitted by law, within the framework of these operations, the interests and general orientation of the group of companies to which the company belongs. It may also establish branches and subsidiaries in Switzerland and abroad.