The purchase, holding, sale, rental, brokerage, promotion and management of all real estate, as well as all related activities. It may also acquire, hold, manage and dispose of direct and indirect participations in all types of companies, including commercial, industrial, financial and real estate companies. Furthermore, it may sit on the governing bodies of all types of companies and, in general, provide all advice related to the aforementioned activities. The company may establish subsidiaries and branches in Switzerland and abroad and carry out all financing operations, also for the benefit of third parties. It may carry out, either on its own account or on behalf of third parties, all financial, commercial, movable or real estate transactions directly or indirectly related to its corporate purpose and may be interested, in any form, in all enterprises having a direct or indirect connection with its corporate purpose.