The purchase, sale and brokerage of all real estate; the construction, promotion and development of real estate, as well as the provision of services and advice in the field of real estate, as well as the purchase, sale and holding of direct or indirect participations; it may carry out all purchase and sale transactions that are intended to develop its purpose, and generally all commercial, industrial, financial and advisory transactions that have a direct or indirect connection with its purpose and promote its development, and create branches in Switzerland or abroad; it may also grant loans to its shareholders or third parties, act as guarantor or guarantee any commitment made by its shareholders or third parties.