The holding, management and administration of a portfolio of real estate properties in Switzerland and all related operations, including in particular the purchase, sale, construction, renovation and transformation of buildings, project management, the purchase, sale, import and export of all goods related to construction, except for operations prohibited by the LFAIE; the company may, in Switzerland or abroad, carry out all activities, create branches, assume participations in all companies, engage in all operations in direct or indirect relation to the company's purpose and suitable for its development, except for operations prohibited by the LFAIE.