Acquisition, construction, renovation, operation, enhancement, management and alienation of real estate. The company may engage in any commercial and financial activities related to its purpose or which are suitable to achieve it. It may create branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire companies pursuing an identical or similar purpose, or merge with such companies. It may carry out all operations and conclude all contracts suitable to develop its purpose or directly or indirectly related to it.