All real estate transactions such as buying, selling, building, renting, transforming and managing properties, real estate development and all real estate realizations in the form of general or total enterprise, subject to the rules of the Federal Law on the Acquisition of Real Estate by Foreigners of December 16, 1983 (LFAIE). The company may also: a) carry out all commercial, financial or securities transactions; b) take participations in other companies; c) 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.