The company's purpose is the purchase, sale, holding, renovation and development of all real estate. The company's purpose is the acquisition, management and administration of all participations, in particular at an international level, in all industrial, commercial and financial companies. The company may carry out, either on its own account or on behalf of third parties, all financial, commercial, industrial, movable and immovable transactions, in direct or indirect relation to its purpose, in any form whatsoever. The company may open branches, create subsidiaries, found or acquire any company pursuing a similar or complementary purpose. The company may grant loans or guarantees, either to its shareholders or to third parties, for consideration or free of charge.