The purchase, sale, administration, management, development and/or brokerage of real estate in Switzerland and/or abroad, as well as participation in real estate companies and enterprises with headquarters and/or activities in Switzerland and abroad, in compliance with applicable laws. The company may also engage in activities such as granting loans, guarantees, including mortgage guarantees, sureties and bonds, also in favor of third parties, excluding, however, the exercise of banking and insurance activities. The company may directly or indirectly acquire interests and participations in other industrial, commercial, financial and service companies or enterprises in Switzerland or abroad, in the sector related to the company's purpose or in other sectors, and open branches and subsidiaries in Switzerland and abroad. Furthermore, the company may carry out all commercial, industrial and financial operations deemed necessary or useful and functionally connected with the company's purpose, as well as open branches and subsidiaries in Switzerland and abroad.