In Switzerland and abroad, the acquisition, sale, holding, management, administration, operation and promotion of real estate, as well as the acquisition of participations in real estate companies. The company may carry out all financial, commercial, industrial, movable and immovable transactions (except those prohibited by the LFAIE) either on its own account or on behalf of third parties, in Switzerland and abroad, directly or indirectly related to the main purpose and likely to promote its development. It may also create branches and subsidiaries in Switzerland and abroad. The company may also grant loans to its shareholders or third parties and/or guarantee, pledge or secure loans granted by third parties to its shareholders, in exchange for adequate consideration.