Acquisition, sale and management of real estate; brokerage and promotion transactions, taking of participations; the company may carry out any financial or commercial operation related to its purpose or likely to promote it; it may create branches in Switzerland and abroad, participate in other companies, acquire or establish companies with an identical or similar purpose, carry out all real estate, movable, commercial and financial transactions, and conclude all contracts intended to develop its purpose or related thereto directly or indirectly; it may grant loans to its associates.