In Switzerland and abroad: all activities in the field of real estate, in particular the purchase, sale, rental, construction, promotion and brokerage of real estate for the account of third parties or for its own account, and all activities directly or indirectly related thereto; the acquisition, management and disposal of all direct or indirect financial participations in all companies or enterprises, as well as in all groups of any kind admitted by law; all investment advice in securities or real estate. Furthermore, it may carry out all commercial, financial, securities or real estate transactions directly or indirectly related to its purpose.