All real estate transactions, namely the purchase, operation and sale of all properties, whether built or not, the construction of buildings, as well as the management of all properties. The company may engage in any financial, commercial or industrial activity directly or indirectly related to its purpose; create branches or subsidiaries in Switzerland and abroad; participate in other companies in Switzerland and abroad, acquire companies with an identical or similar purpose or merge with such companies; grant loans or guarantees to shareholders or third parties if it serves its interests; carry out all operations and conclude all contracts suitable for developing and expanding its purpose or directly or indirectly related to it.