all real estate transactions, including in particular the purchase, sale, management, renovation, transformation, holding, management, furnished and unfurnished rental, brokerage, promotion and enhancement of all properties in Switzerland. It may carry out, either on its own account or on behalf of third parties, all commercial, industrial and financial transactions directly or indirectly related to its purpose or likely to facilitate its achievement. It may participate in other companies and create branches or other companies, both in Switzerland and abroad. It may acquire, hold and dispose of real estate and, in general, carry out any activity directly or indirectly related to its purpose.