The company's purpose is to carry out all real estate operations, such as buying, building, renting, transforming, renovating, promoting, selling and brokering properties, as well as acquiring and managing participations in all companies. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad. The company may acquire, hold and dispose of properties in Switzerland and abroad. The company may engage in all commercial, financial and other activities related to its purpose. It may grant direct or indirect financing, including loans, as well as securities or guarantees to third parties or companies in which it holds direct or indirect participations, as well as to its direct or indirect shareholders and companies in which they hold direct or indirect participations. The company may provide such financing, securities or guarantees even if it is exclusively in the interest of third parties or companies in which it holds direct or indirect participations, or in the interest of its direct or indirect shareholders or companies in which they hold direct or indirect participations.