The company's purpose is the acquisition, sale, construction, renovation, management and operation of real estate. The company may establish branches in Switzerland and abroad, assume participations in other companies, acquire or establish identical or similar companies, carry out all operations and conclude contracts that are intended to develop the company's purpose or are directly or indirectly related to it, perform all legal acts in direct or indirect relation to its corporate purpose, including financial, real estate and movable property transactions related thereto.