The acquisition, management, holding and sale of participations in companies in Switzerland and abroad; the exercise of all activities in the field of real estate, in particular the holding, management, purchase and sale of real estate as well as real estate development. The company may also carry out any other activity having a direct or indirect connection with these purposes; it may in particular establish branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire companies with an identical or similar purpose, or merge with such companies, carry out all operations and conclude all contracts suitable for developing and expanding its purpose or directly or indirectly related to it.