In Switzerland and abroad, operation of physiotherapy practices; all real estate transactions, such as the purchase, sale, holding, management and construction of real estate, as well as all real estate investment, real estate development or related activities, excluding all transactions prohibited by the Federal Act on the Acquisition of Real Estate by Foreigners of December 16, 1983 (LFAIE), as well as, in Switzerland and abroad, the purchase, sale, holding, administration and management of participations in all types of companies and enterprises, excluding all transactions prohibited by the Federal Act on the Acquisition of Real Estate by Foreigners of December 16, 1983 (LFAIE).