The company's purpose is the purchase, sale, construction, transformation, rental, management and generally the development of real estate and all financial and commercial operations related to this purpose, excluding all real estate operations prohibited by the Federal Act on the Acquisition of Real Estate by Foreigners (LFAIE), as well as the placement and investment of securities. The company may establish branches in Switzerland and abroad. It may participate in any company, exercise any activity and perform any function having a direct or indirect connection with its purpose. It may grant loans or guarantees to associates or third parties if it serves its interests.