The purchase, sale, rental of built or unbuilt properties, the construction, transformation or renovation of properties and all services and consulting related to these activities; the company may acquire, hold, build, transform, rent, manage, dispose of properties and participate in all real estate transactions; it may handle these transactions for itself or on behalf of a third party, as a representative, agent or broker, or have them executed on its behalf by third parties; it may create mortgages for itself or for third parties; the company may 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, acquire or sell properties, carry out all operations and conclude all contracts suitable for developing and expanding its purpose or related thereto directly or indirectly; the company may grant or receive loans from third parties or shareholders.