The operation and management of real estate. The activities will take place both in Switzerland and abroad. The company may, in particular, create mortgage liens as security for loans in favor of its shareholders. It may trade and represent any product, purchase, sell and operate patents, licenses and trademarks, as well as take participations in all companies, excluding participations prohibited by the LFAIE. Furthermore, it may carry out all commercial, financial or securities transactions directly or indirectly related to its purpose.