The company's purpose is the purchase, sale, rental, management of real estate, the development of buildings and all other activities related to real estate, excluding operations prohibited by the Federal Act of December 16, 1983 on the acquisition of real estate by foreigners (LFAIE), the realization of real estate plans and projects as well as the operation of a general construction and renovation company. The company may also carry out all 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; grant loans or guarantees to associates or third parties, if it serves its interests. The company may have subsidiaries or establish branches in Switzerland and abroad.