The purchase, sale, exploitation and rental of properties and land as well as the transformation and renovation of properties and any activity directly or indirectly related thereto. The company may establish subsidiaries and branches in Switzerland and abroad. The company may also participate in the financing of other group companies to which it belongs. The company may grant or receive loans, guarantees and securities to or from its associates, subsidiaries or any third party. In general, the company may carry out all commercial, financial, movable and immovable transactions directly or indirectly related to its purpose and take all measures that appear appropriate to promote its purpose or are related thereto.