The purchase, holding, rental, leasing, sale and management of real estate. The Company may: carry out for its own account or for the account of third parties, all financial, commercial, industrial, movable and real estate transactions (the latter in Switzerland, except for properties subject to authorization under the LFAIE, i.e. exclusively properties limited to the purpose provided for in Art. 2, para. 2, let. a LFAIE), in Switzerland and abroad, directly or indirectly related to the main purpose; create subsidiaries and branches in Switzerland and abroad; participate in all companies having a direct or indirect connection with its purpose; grant loans or guarantees to subsidiaries, shareholders, group companies or third parties.