Acquisition and sale of real estate, construction, management, promotion, holding, development, renovation and maintenance of real estate as well as the exercise of all activities related to real estate. The company may undertake all movable and immovable property operations and conclude all contracts that are of a nature to develop its purpose or relate directly or indirectly thereto; carry on any financial, commercial or industrial activity directly or indirectly related to its purpose; create branches or subsidiaries in Switzerland and abroad; participate in all enterprises having a direct or indirect relation to its purpose; grant loans or guarantees to shareholders or third parties, if this promotes its interests.