all real estate transactions, in particular brokerage, management, purchase, sale, construction, rental, administration, management, promotion and development of all real estate. The company may engage in any commercial, financial, industrial, real estate or movable activity, directly or indirectly related to its purpose; create branches or subsidiaries in Switzerland and abroad, participate in all companies having a direct or indirect relationship with its purpose; grant loans, guarantees or securities to associates or third parties, if it serves its interests.