All commercial and financial operations related to real estate, in particular purchase, sale, brokerage, expertise, general business management and development of properties, property management, operation of an architectural office; to prepare all plans, projects and financial plans for the execution of construction work; to execute or have executed and supervise all construction work; to carry out general business work; the company may establish branches in Switzerland and abroad, participate in other companies, acquire or establish companies with an identical or similar purpose, carry out all real estate, movable, commercial and financial transactions, and conclude all contracts that serve to develop its purpose or are directly or indirectly related to it; it may grant loans to its associates.