In Switzerland and abroad, particularly in countries of the European Union, all activities in the field of real estate exclusively for commercial and/or residential use (excluding Switzerland for the latter component); it may engage in the promotion, realization and marketing of real estate, the purchase, sale, brokerage, management of buildings, as well as the operation and management of hotels and hotel residences, real estate transactions prohibited by the Federal Law on the Acquisition of Real Estate by Foreigners are excluded. The company may: engage in any financial, commercial or industrial activity, movable or immovable, directly or indirectly related to its purpose; create branches or subsidiaries in Switzerland and abroad; participate in all companies having a direct or indirect relationship with its purpose; grant loans or guarantees to shareholders or third parties, if it serves its interests.