Management of all real estate operations, purchase, sale, rental, construction, transformation and renovation of buildings. The company may carry out all financial, commercial, industrial, movable or real estate transactions directly or indirectly related to its purpose or likely to promote it. It may create branches or subsidiaries in Switzerland and abroad. It may participate in all companies having a direct or indirect relationship with its purpose. It may grant loans or guarantees to associates or third parties, if this promotes its interests (cf. statutes for full purpose).