The company's purpose is the purchase, sale, marketing, leasing, management, planning, administration, operation, and enhancement of real estate or personal property, excluding transactions prohibited by the Federal Law on the Acquisition of Real Estate by Persons Abroad (LFAIE), the development and implementation of real estate projects, as well as all transactions related to these activities. The company may also engage in all commercial, financial, securities, or real estate transactions, the latter provided they are not subject to the Federal Law on the Acquisition of Real Estate by Persons Abroad of December 16, 1983 (LFAIE); take participations in other companies; in general, carry out all operations directly or indirectly related to the company's purpose in Switzerland and abroad. The company may have subsidiaries or create branches in Switzerland and abroad.