All investments of any kind in the field of real estate in Switzerland and abroad, excluding investments in exclusively residential properties in Switzerland. To this end, the company may establish branches in Switzerland and abroad, participate in other companies with an identical or related purpose, acquire or create similar companies and, in general, execute all transactions that are suitable for achieving its purpose directly or indirectly. Furthermore, the company may grant loans to affiliated companies. The company may participate in group financings, including by granting loans to its associates or providing guarantees of any kind to third parties for the debts of other group companies, including in the exclusive interest of its direct or indirect associates or other affiliated group companies without any consideration. The company may engage in any other activity that is useful for promoting or achieving its purpose, directly or indirectly.