The purpose of the company is: the purchase, sale, trade, construction, rental, brokerage, administration, study and realization of developments, as well as the trade of goods of all kinds (in Switzerland, excluding operations subject to the LFAIE); promotion, acquisition, holding and disposal of all real estate in Switzerland and abroad (in Switzerland, excluding operations subject to the LFAIE), as well as the management of construction sites and the direction of works in the construction, renovation and transformation of buildings; the operation of architectural and design offices. The company may carry out in Switzerland and abroad, either on its own account or on behalf of third parties, all commercial, financial or real estate transactions (excluding operations subject to the LFAIE) directly or indirectly related to its purpose, take participations in all commercial, industrial or financial companies (excluding operations subject to the LFAIE), create branches in Switzerland and abroad. The company is authorized to take financing, restructuring and intercession measures for the benefit of shareholders, group companies or third parties, as well as to grant loans or guarantees to shareholders, group companies or third parties when it serves its interests.