The company's purpose is: The purchase and sale of its own real estate; the purchase, sale, rental, and development of real estate as well as all acts related to real estate promotion, including all general business activities. The acquisition, holding, sale, and management of land as well as planning, financing, and handling of new construction projects and transformations of all kinds. The company may also: a) carry out any commercial, financial, or industrial activity, whether movable or immovable, the latter to the extent that they are not subject to the Federal Act on the Acquisition of Real Estate by Foreigners of December 16, 1983 (LFAIE), in direct or indirect relation to its purpose; b) carry out any operation having a direct or indirect connection with the company's purpose in Switzerland and abroad, as well as conclude any contract intended to develop its purpose or related thereto directly or indirectly; c) have subsidiaries or establish branches in Switzerland and abroad; d) participate in all enterprises having a direct or indirect connection with its purpose; e) grant loans or guarantees to shareholders or third parties, if it serves its interests.