all real estate activities such as construction, renovation, acquisition, operation and sale of buildings as well as the acquisition of companies and participations and any other commercial activity, except for operations prohibited by the LFAIE. In general, the company may establish branches, participate in other companies, acquire or establish companies with an identical or analogous purpose, in Switzerland and abroad, grant loans or guarantees to associates or third parties if it serves its interests, carry out all financial, commercial, movable, real estate and other operations and conclude all contracts suitable for developing its purpose or relating directly or indirectly thereto.