All activities of transformation, renovation, demolition and maintenance, both inside and outside buildings, as well as any activity related to the enhancement of real estate assets; it can establish branches and subsidiaries in Switzerland and abroad and take participations in other companies in Switzerland and abroad as well as carry out all operations that are directly or indirectly related to its corporate purpose; it can also acquire, mortgage, sell and manage real estate assets with the exception of operations prohibited by the LFAIE; carry out financing on its own account or on behalf of third parties as well as grant guarantees and securities to its subsidiaries and to third parties.