The assembly, development, management, investment, promotion and management of all real estate operations as well as the purchase, holding and management of real estate; the purchase, holding, management and sale of securities for its own account (proprietary trading). In addition, it may carry out all financial, commercial, industrial, securities or real estate transactions, as well as any advisory activity that may be directly or indirectly related to its main purpose or any similar purpose; create branches, participate in other companies, both in Switzerland and abroad, acquire companies with an identical or similar purpose or merge with such companies. It may also carry out all operations and conclude all contracts intended to develop and expand its purpose or related thereto directly or indirectly. The company may grant loans or guarantees to shareholders or third parties if it serves its interests.