The company may buy and sell real estate in Switzerland and abroad, as well as participate in real estate companies and businesses. The company may also promote real estate transactions, manage and administer real estate, and any other activity related to the real estate market; it may provide guarantees to third parties by pledging its movable or immovable property. The company may also carry out activities of granting loans, guarantees including mortgages, endorsements, and sureties, even in favor of third parties, excluding, however, the exercise of banking and insurance activities. The company may carry out all commercial (trading), industrial, administrative, and financial operations. The company may open branches and subsidiaries in Switzerland and abroad.