In Switzerland and abroad, to acquire, sell or rent commercial and residential real estate, to develop all other activities directly or indirectly related to this purpose, as well as to acquire and manage participations in all companies; the company may carry out, either on its own account or on behalf of third parties, all financial, commercial, industrial, movable and immovable transactions (with the exception of transactions prohibited by the LFAIE), in Switzerland and abroad, directly or indirectly related to the main purpose; it may also create branches and subsidiaries in Switzerland and abroad; the company may also grant loans to its shareholders and/or guarantee, secure or co-sign loans granted by third parties to its shareholders.