Acquisition, sale, construction, renovation, management, promotion and brokerage of real estate as well as all transactions or activities directly related to the purpose of the company. The company may undertake all movable and immovable transactions and conclude all contracts that are intended to develop its purpose or are directly or indirectly related to it; carry out any financial, commercial or industrial activity directly or indirectly related to its purpose; create branches or subsidiaries in Switzerland and abroad; participate in all companies having a direct or indirect relationship with its purpose; grant loans or guarantees to associates or third parties if it serves its interests.