The acquisition, holding and management of real estate, as well as the granting of guarantees (in particular real guarantees) in favor of any person. It may perform any act and exercise any activity that is directly or indirectly related to its purpose. It may establish branches and subsidiaries in Switzerland and abroad. It may acquire, hold, encumber with limited real rights, administer and alienate real estate in Switzerland and abroad. It may grant loans or any other form of financing to affiliated companies or third parties, as well as provide any type of security, for the direct or indirect benefit of shareholders, affiliated companies or third parties.