The company's purpose is the operation and ownership of real estate. The company may engage in any financial, commercial, industrial, movable or immovable property activity (excluding operations prohibited by the LFAIE), directly or indirectly related to its purpose or likely to promote its realization, conclude contracts that are intended to develop its activities or that are directly or indirectly related thereto, receive income in the form of interest, commissions and dividendes, create branches or subsidiaries in Switzerland and abroad, take participations, acquire or create identical or similar businesses, participate in any business directly or indirectly related to its purpose. It may carry out these operations both for its own account and for the account of others. It may grant loans and provide guarantees in favor of any person, including its shareholders and directors.