The company's purpose is: all activities in the field of real estate, such as in particular brokerage, purchase, sale, management, administration, appraisal, renovation, promotion and construction. The company may carry out any operation related to these activities as well as any operation likely to promote the purpose and interest of the company. The company may acquire and sell real estate, create branches in Switzerland and abroad, participate in other companies with similar or analogous purposes, merge with such companies and conclude all contracts suitable for developing or achieving its purpose or related thereto directly or indirectly. The company may grant loans to its associates or third parties, provide guarantees or guarantees for any commitments made by its associates or third parties.