1. The company is active in the real estate market, particularly in the activities of buying, selling, constructing, promoting, managing and financing real estate properties. 2. The company may also take participations in companies with related purposes offering hotel services and hotel management, or active in the fields of buying, selling, constructing, promoting, managing and financing in the real estate sector in Switzerland and abroad. 3. The company may take participations in other companies and enterprises and found or finance companies having a direct or indirect relationship with its purpose, or apt to favor it. 4. The company may carry out for its own account or for the account of third parties all financial, commercial, movable or immovable operations in direct or indirect relation with its purpose or which are likely to enable it to be achieved, with the exception of operations prohibited by the LFAIE (Federal Act on Investment Companies with Variable Capital).