Acquisition, sale, transformation, construction and management of all types of real estate in Switzerland, excluding operations prohibited by the LFAIE, and abroad. The company may participate in other companies and establish branches and subsidiaries, both in Switzerland and abroad, and in general, engage in any commercial, financial or other activity directly or indirectly related to its purpose. It may acquire, encumber, hold, administer and dispose of real estate in Switzerland, excluding operations prohibited by the LFAIE, or abroad. It may carry out financial transactions on its own account or on behalf of third parties, as well as provide guarantees and securities to its subsidiaries or third parties. The company is authorized to take financing, restructuring and intercession measures in favor of shareholders, group companies or third parties and to grant loans to shareholders, group companies or third parties if it is in the interest of one or all of these persons.