The acquisition, holding, management, operation and sale of commercial properties and the execution of all real estate transactions, including the purchase, sale, brokerage, management, promotion and development of all properties, as well as the execution of all commercial transactions related thereto. The company may also hold interests in companies of any kind in Switzerland and abroad, establish such companies, acquire or merge with them. The company may establish branches or agencies in Switzerland and abroad by decision of the board of directors. The company may grant loans or other financing to its direct or indirect shareholders as well as to any other company within the group and may also guarantee their obligations to third parties in any manner, including through pledges, assignments or transfers for security or guarantees of any kind, remunerated or not, even if such guarantees and securities are exclusively in the interests of the direct or indirect shareholders or other companies within the group.
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