The Company's purpose is the management of real estate and movable assets, the purchase, sale and all real estate transactions, except for operations prohibited by the Federal Act on the Acquisition of Real Estate by Foreigners. The Company may carry out all financial, commercial, industrial, movable and real estate transactions (except for operations prohibited by the Federal Act on the Acquisition of Real Estate by Foreigners) on its own account or on behalf of third parties, in Switzerland and abroad, directly or indirectly related to the main purpose. It may establish subsidiaries and branches in Switzerland and abroad.