Management of real estate as well as purchase, sale and rental of buildings; the company may carry out all operations related to this activity as well as all operations that are likely to promote the purpose and interest of the company; it may grant loans or guarantees to shareholders or third parties if it serves its interests; it may create branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire companies with similar purposes, merge with such companies and conclude all contracts intended to develop or achieve its purpose or related thereto directly or indirectly.