The company's purpose is to carry out all real estate operations, in particular the acquisition, administration, construction, management and sale of real estate, excluding all operations subject to the LFAIE, as well as teaching and instruction of courses in the field of real estate. The company may establish branches and subsidiaries in Switzerland and abroad and take participations in other companies in Switzerland and abroad, as well as carry out all operations that are directly or indirectly related to its corporate purpose. The company may acquire, mortgage, sell and manage real estate. It may also provide financing for its own account or for the account of third parties, as well as grant guarantees and securities to its subsidiaries and third parties.