to invest in, acquire, hold, finance, alienate and manage, in any form whatsoever, on the one hand, participations in Swiss or foreign companies and, on the other hand, real estate in Switzerland or abroad, and, more generally, to engage in any real estate activity, including the study, planning, promotion and realization of any real estate project, in Switzerland or abroad. The company may carry out all operations directly or indirectly related to this purpose and take a direct or indirect interest in them. It may also carry out, on its own account or on behalf of third parties, all financial, commercial, movable and immovable transactions, directly or indirectly related to its purpose or likely to promote it. The company may also provide financing, grant loans or other financial services to its direct or indirect shareholders, its direct or indirect subsidiaries and third parties, and grant securities of any kind on its assets, including by way of pledge or transfer by way of fiduciary transfer or by way of guarantees of any kind, to secure the obligations of its direct or indirect shareholders, its direct or indirect subsidiaries or third parties. The company may create subsidiaries and branches, in Switzerland and abroad.