29. The Fund may acquire and hold immovables upon the following conditions:
(a) the total investment in each immovable constituting a single undertaking shall not exceed 1 % of the total assets of the Fund;
(b) the Fund’s total investment in immovables, in hypothecs contemplated in the second paragraph of section 28 and in the shares of legal persons in which it acquires shares under paragraph a of section 31 and having as their principal object the acquisition, holding, leasing or administration of immovables shall not exceed 10 % of its total assets; and
(c) the total investment of the Fund outside Québec in immovables and in hypothecs contemplated in section 28 shall not exceed 3 % of its total assets.