Acquisition and management of participations on its own account or on behalf of third parties, as representative or in a fiduciary capacity, in commercial, industrial and financial companies based in Switzerland or abroad, by acquiring shares, bonds, participations, holding claims in any other suitable form; acquisition, construction, sale and renovation of real estate, design and submission of plans and building permits, as well as consulting and expertise in the field of real estate. The company may carry out all operations that are directly or indirectly related to its main purpose. It may establish branches in Switzerland and abroad, acquire companies with an identical or similar purpose, or merge with such companies, grant loans or guarantees to associates or third parties, if this serves its interests.