The acquisition, holding, management and sale of participations in companies for its own account, both in Switzerland and abroad. The company may also carry out activities of granting loans, guarantees, including mortgages, sureties and endorsements, also in favor of third parties, excluding however the exercise of banking and insurance activities. The company may also acquire, encumber, manage, rent, lease, administer, enhance and sell real estate in Switzerland and abroad, as well as participate in real estate companies and enterprises with headquarters and/or activities in Switzerland and abroad, in compliance with applicable laws, as well as carry out general construction work, in particular above and below ground, excavations, masonry and façade work. It may also execute and repair masonry work, tiling, carpentry, masonry and plastering work; it may engage in the trade, import and export of materials and products in the construction sector, as well as carry out demolition and transportation work for and on behalf of third parties. The company may also carry out all commercial, industrial and financial operations deemed necessary or useful and functionally connected with the company's purpose, as well as open branches and subsidiaries in Switzerland and abroad.