The acquisition, sale, development, exploitation, and management of real estate and all other activities related to the real estate sector in Switzerland and abroad, with the proviso that in the event of the acquisition of real estate located in Switzerland, such properties may only have an exclusively commercial use; the company may also, in Switzerland and abroad, create subsidiaries and branches, take participations and, more generally, participate in all companies and entities having a direct or indirect relationship with its purpose, with the proviso that if real estate is held through participations in non-listed companies or enterprises, such real estate may only have an exclusively commercial use, carry out, on its own account or on behalf of third parties, all operations directly or indirectly related to its purpose or likely to promote it, and grant loans or guarantees to affiliated companies, shareholders or third parties; the company may also carry out all operations that are directly or indirectly related to its corporate purpose and that promote or facilitate its development.
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