The acquisition, holding, sale, management and administration of all participations in all companies or enterprises in Switzerland and abroad, as well as the purchase, sale, management of real estate and the management of real estate, real estate brokerage, the development of all real estate and the exercise of all activities in the field of real estate promotion. The company may participate in other companies, acquire or establish companies with an identical or similar purpose, carry out all financial or commercial transactions, movable or immovable, in direct or indirect connection with its purpose. The company may establish branches in Switzerland and abroad.