The branch has as its object: directly or indirectly, to acquire, hold and dispose of, in any form and by any means, directly or indirectly, participations, rights, interests and commitments in Luxembourg or foreign companies; the acquisition, holding and/or exploitation, directly or indirectly, of tangible collectible assets; the acquisition by purchase, subscription or any other means, as well as the disposal by sale, exchange or any other means of securities, bonds, claims, bills and other financial instruments of all kinds (including bonds or shares issued by Luxembourg or foreign mutual funds, or any similar organization), loans or any other credit facility, as well as contracts relating to the aforementioned securities or related thereto; all real estate transactions and related studies, including the purchase, sale, transfer and exchange of all built or unbuilt real estate; the management, development, exploitation and realization of said real estate in all appropriate forms and the possession, administration, development and management of a portfolio of assets (comprising, in particular, assets such as those defined in the above paragraphs).