The company's purpose is: all activities in the field of real estate, in particular the purchase, sale, rental and administration of buildings, excluding all operations prohibited by the Federal Act on the Acquisition of Real Estate by Foreigners of December 16, 1983 (LFAIE); the holding, acquisition and taking of participations in all companies, both in Switzerland and abroad, as well as the administration and management of companies. The company may also: a) carry out all commercial, financial or securities transactions; b) grant loans or guarantees to associates or third parties, if this serves its interests; c) in general, 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.