All real estate activities such as construction, renovation, acquisition, operation and sale of buildings as well as the acquisition of companies and participations and any other commercial activity, except for operations prohibited by the LFAIE. In general, the company may create branches or subsidiaries in Switzerland and abroad, participate in other companies, acquire or establish companies with an identical or similar purpose, grant loans or guarantees to associates or third parties, carry out all financial, commercial, movable, real estate and other operations in Switzerland and abroad, and conclude all contracts that serve to develop its purpose or relate directly or indirectly to it.