All real estate transactions, in particular construction, purchase, promotion, sale, management, administration of buildings, all related activities as well as the purchase and sale of all food products; the company may also carry out all commercial, financial, industrial or other operations that relate directly or indirectly to its purpose and promote its development; it may also create branches in Switzerland and abroad, take participations, found or finance companies having a direct or indirect connection with its purpose; it may also grant loans or guarantees to shareholders or third parties.