The company's purpose is to carry out all real estate transactions, such as trade, development, exploitation of real estate and movable assets in Switzerland and abroad, construction, management, administration, supervision, brokerage, rental and provision of services in these areas, provided they are not subject to the Federal Act on the Acquisition of Real Estate by Foreigners of December 16, 1983 (LFAIE). The company may also carry out all financial and securities transactions; take participations in other companies; 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.