The company's purpose is the acquisition, holding, administration and sale of participations in other companies, in Switzerland or abroad. The company may also, in Switzerland or abroad, establish subsidiaries and branches, take participations in, and more generally participate in, all enterprises and entities having a direct or indirect relationship with its purpose; carry out, either on its own account or on behalf of third parties, all operations directly or indirectly related to its purpose or likely to promote it, in particular, acquire, manage, operate and sell commercial real estate only, and grant loans or guarantees to shareholders, affiliated companies or third parties.