both in Switzerland and abroad, the purchase, sale, development, construction, operation, rental and administration of all real estate. It may also, inter alia, carry out for its own account or for the account of third parties, all financial, commercial, industrial, movable and immovable transactions in Switzerland and abroad, directly or indirectly related to the main purpose; create branches and subsidiaries, both in Switzerland and abroad; grant loans to its shareholders and/or guarantee, secure or co-sign loans granted by third-party shareholders.