Acquisition, sale, management of real estate in Switzerland and abroad, participation in real estate promotions as well as all real estate activities in this context; the company may engage in all financial, commercial or industrial activities, movable or immovable, directly or indirectly related to its purpose, open branches or subsidiaries in Switzerland and abroad, participate in all companies having a direct or indirect connection with its purpose and grant loans or guarantees to shareholders or third parties, if it serves its interests.