The company's purpose is to manage all real estate operations, including buying, selling, renting, building, transforming and renovating buildings. It may carry out all financial, commercial, industrial, movable or real estate transactions that are directly or indirectly related to its corporate purpose or likely to promote it. It may establish branches or subsidiaries in Switzerland and abroad. It may participate in all companies having a direct or indirect relationship with its purpose. It may grant loans or guarantees to associates or third parties if it serves its interests. The company may participate in other companies and establish branches and subsidiaries, both in Switzerland and abroad. It may acquire, hold and dispose of real estate and, in general, carry out any activity directly or indirectly related to its purpose.