The purchase, sale, administration, management, brokerage and rental of real estate on its own account; participation in similar companies as well as in commercial, financial and industrial companies of all kinds. The company may also grant financing of any kind and provide guarantees in favor of the companies it participates in or its own shareholders, and more generally carry out all commercial and financial operations deemed useful to achieve or directly or indirectly favor the social purpose, including the creation of branches or subsidiaries both in Switzerland and abroad.