The company's purpose is the purchase, sale, rental, brokerage, management, operation and development of all real estate as well as all other activities related to real estate, excluding operations prohibited by the Federal Act of December 16, 1983 on the acquisition of real estate by foreigners (LFAIE). It may, in general, take participations in companies in Switzerland and abroad, acquire similar companies or associate with such companies, as well as carry out any activity and conclude any contract that is likely to develop its purpose. The company may 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.