The purchase, sale, construction and rental of real estate; the management, administration and operation of said properties; the disposal of all or part of these properties by way of sale, exchange or contribution to companies. All activities of the company exclude actions prohibited by the LFAIE. Furthermore, it may carry out, either on its own account or on behalf of third parties, all financial, commercial, movable or immovable operations directly or indirectly related to its corporate purpose and may be interested, in any form, in all similar companies, in particular by taking a stake in similar companies. The company may also establish branches and subsidiaries in Switzerland and abroad.