The acquisition, holding, management, exploitation and sale of residential or commercial properties, located in Switzerland or abroad, excluding any operation subject to the Federal Act on the Acquisition of Real Estate by Foreigners (LFAIE); the company may carry out, either on its own account or on behalf of third parties, all financial, commercial or movable transactions directly or indirectly related to its corporate purpose and may be interested, in any form, in all enterprises, in particular by taking participations in such enterprises; the company may establish branches and subsidiaries in Switzerland and abroad; the company may grant loans and provide other financial assistance, in particular to its subsidiaries and affiliated companies.