The company's purpose is the construction of buildings, their operation, rental and possible resale, the purchase of housing as well as any activity having a direct or indirect connection with its object. The company may also carry out all commercial, financial, movable or immovable transactions, the latter provided they are not subject to the Federal Act on the Acquisition of Real Estate by Foreigners of December 16, 1983 (LFAIE); take participations in other companies; in general, carry out all operations having a direct or indirect connection with the company's purpose in Switzerland and abroad. The company may have subsidiaries or establish branches in Switzerland and abroad.