Activity in the real estate sector, in particular the acquisition, sale, management, promotion, renovation of buildings, as well as the acquisition, holding and disposal in Switzerland and/or abroad of financial participations of all kinds, directly or indirectly, as well as the financing of companies both in Switzerland and abroad and all commercial or financial activities converging therewith; the company may also acquire movable or immovable property related or unrelated to its corporate purpose; in general, the company may furthermore carry out all operations that relate directly or indirectly to its corporate purpose and promote its development, including the acquisition of participations in other companies; it may create branches in Switzerland and abroad or establish companies with an identical or analogous purpose, carry out all movable, immovable and financial transactions and conclude all contracts directly or indirectly related to the corporate purpose or contributing to its development; it may also grant loans or guarantees to shareholders or third parties if this serves its interests.