The company's purpose is the acquisition, sale and management of real estate. It is active in the movable and immovable property sectors, subject to the activities prohibited by the Federal Act on the Acquisition of Real Estate by Foreigners. The company is operated for the benefit of the founder's descendants. The company may also: - carry out any financial, commercial or industrial activity, movable or immovable, directly or indirectly related to its purpose; - create branches or subsidiaries in Switzerland and abroad; - participate in all companies having a direct or indirect connection with its purpose; - grant loans or guarantees to shareholders or third parties if it serves its interests.