The company's purpose is the construction, purchase, administration and sale of real estate. The company may open branches and subsidiaries in Switzerland and abroad, as well as acquire participations in companies in Switzerland and abroad. The company may also carry out, in a non-prevalent manner compared to the company's purpose, all commercial, industrial and financial operations, the latter not with the public, movable and immovable, deemed necessary or useful by the management for the achievement of the company's purpose, and may also assume interests and participations in other companies or enterprises with a similar or related or connected purpose.