Investments in the real estate sector, purchase, sale, promotion, brokerage and management of properties, as well as all related activities, acquisition, purchase, sale, administration and management of participations in all companies or enterprises, directly or indirectly, in Switzerland or abroad, with the proviso that for properties located in Switzerland, or companies holding real estate located in Switzerland, these must have an exclusively commercial use; the company may also establish branches or subsidiaries in Switzerland or abroad, make all other investments and all financial, commercial or industrial operations or activities, movable or immovable, directly or indirectly related to its purpose, both on its own account and on behalf of third parties, and grant loans or guarantees to shareholders, subsidiaries or third parties.