The acquisition, holding and exploitation of properties that exclusively constitute permanent establishments within the meaning of the Federal Act on Foreign Investment in Immovable Property. The company may, either on its own account or on behalf of third parties, carry out all commercial, movable and financial transactions, directly or indirectly related to its purpose, in any form, including in the form of participations. The company may open branches in Switzerland and abroad, found or acquire any company pursuing a similar or complementary purpose. The company may grant loans or guarantees to its shareholders or third parties.