All real estate promotion activities, management, research and consulting as well as the rental, purchase and sale of real estate on behalf of third parties or on its own account, with the holding, if applicable, of commercial buildings exclusively in Switzerland. The company may also carry out, either on its own account or on behalf of third parties, all commercial, movable and financial transactions, in direct or indirect relation to its purpose, in any form whatsoever, in particular in the form of participations. The company may open branches in Switzerland and abroad, found or acquire any company pursuing an analogous or complementary purpose.