The company's purpose is the purchase, sale, construction, transformation and development of real estate serving as a permanent establishment within the meaning of the Federal Act of 16 December 1983 on the Acquisition of Real Estate by Foreigners (LFAIE), excluding all operations prohibited by this law, the execution of real estate development operations for such properties, as well as all related service and administrative activities, including the administration of condominium properties (for the full purpose see the articles of association).