The purchase, sale, leasing of built or unbuilt properties, the construction, transformation or refurbishment of properties, and all operations related to these activities. The company can acquire, hold, construct, transform, lease, manage, alienate properties and participate in all real estate operations. It can handle these operations for itself or on behalf of a third party, as a representative, agent or commissioner, or have them executed on its behalf by third parties. It can constitute real estate pledges for itself or for third parties. The company can create 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 aimed at developing and extending its purpose or directly or indirectly related thereto. The company can grant or receive loans from third parties or shareholders.