In Switzerland and abroad, all activities in the fields of real estate and construction, such as the purchase, sale, management, transformation, renovation, construction and operation of all real estate, real estate development, brokerage, as well as all consulting, real estate investment and financial investment activities in all areas, companies and enterprises, excluding all operations prohibited by the Federal Act on the Acquisition of Real Estate by Foreigners of December 16, 1983 (LFAIE).