Acquisition, sale, rental, brokerage, management, construction, renovation and operation of all real estate; the company may undertake all commercial and financial operations directly or indirectly related to its purpose; it may create branches and take participations in other companies in Switzerland and abroad, acquire or create identical or similar companies; it may also acquire, sell, rent, manage and build residential buildings, commercial and industrial premises, subject to the Federal Law on the Acquisition of Real Estate by Foreigners (LFAIE), as well as all activities directly or indirectly related thereto.