The acquisition and management of all participations, the construction, rental, sale, management of buildings and furnished apartments and all real estate transactions; the company may carry out any commercial and financial transaction, as well as any form of advice, directly or indirectly related to its purpose; it may register branches and subsidiaries in Switzerland and abroad; the company may grant loans or any other form of financing to companies of the same group, as well as provide any kind of security, for the direct or indirect benefit of companies of the same group or third parties, in particular in the form of guarantees, pledges or securities on the company's assets.