The Company's purpose is the acquisition, holding and management of real estate. The Company may: - carry out for its own account or for the account of third parties, all financial, commercial, industrial, movable and immovable transactions (including the rental of real estate) (in compliance with the Federal Act on the Acquisition of Real Estate by Foreigners), in Switzerland and abroad, directly or indirectly related to the main purpose; - create subsidiaries and branches in Switzerland and abroad; - participate in all companies having a direct or indirect connection with its purpose; - grant loans or guarantees to subsidiaries, shareholders or third parties.