Acquisition, construction, sale, exchange, ownership, development, management and exploitation of land and buildings of all kinds. The company may engage in any financial, commercial or industrial activity directly or indirectly related to its purpose; create branches or subsidiaries in Switzerland and abroad; participate in other companies in Switzerland and abroad, acquire companies with an identical or similar purpose or merge with such companies; grant loans or guarantees to shareholders or third parties if it serves its interests; carry out all operations and conclude all contracts intended to develop and expand its purpose or related thereto directly or indirectly.