The purchase, sale, construction, transformation, operation and valorization of all properties in Switzerland and abroad; the company may grant loans and provide guarantees in favor of any person, in particular its shareholders and directors, create branches in Switzerland and abroad and take participations in other companies with a similar purpose; the company may carry out for its own account and for the account of third parties all commercial, financial, industrial, movable and immovable transactions in direct or indirect relation with its purpose, in Switzerland and abroad.