Operation of a general construction and building management company, as well as all activities in the field of real estate, in particular related to the study, planning, promotion, development, management and realization of constructions of all kinds, the provision of all services in this field, as well as the acquisition, holding, management, financing and disposal of real estate, exclusively for commercial use. The company may establish branches and subsidiaries in Switzerland and abroad and take participations in other companies in Switzerland and abroad, as well as carry out all operations that are directly or indirectly related to its business purpose. It may also carry out financing for its own account or for the account of third parties, as well as grant guarantees and securities to its subsidiaries and third parties.