to invest in, acquire, hold, finance, alienate and manage real estate and to carry out all real estate transactions, including real estate development, 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 and movable transactions, directly or indirectly related to its purpose or likely to promote it. The company may also grant loans or other financial services to its direct or indirect shareholders, to its direct or indirect subsidiaries and to third parties, and provide securities of any kind on its assets, including by way of pledges or fiduciary transfers 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.