Acquisition, construction, sale, exchange, ownership, development, rental, management and exploitation of land and buildings of all kinds. The company may engage in any financial, commercial or industrial activity directly or indirectly related to its purpose; establish branches or subsidiaries in Switzerland and abroad; participate in other companies in Switzerland and abroad, acquire companies with an identical or similar purpose or merge with such companies; grant loans or guarantees to shareholders or third parties if it serves its interests; carry out all operations and conclude all contracts that are suitable for developing and expanding its purpose or are directly or indirectly related to it.