The acquisition, holding, management, exploitation and sale of all real estate and the execution of all real estate transactions, namely the purchase, sale, management and development of all real estate, as well as all convergent activities. The company may also hold participations in companies of any kind in Switzerland and abroad, establish such companies, acquire or merge with them. The company may establish branches or agencies in Switzerland and abroad by decision of the board of directors. The company may grant loans or other financing to its direct or indirect shareholders as well as to any other group company and may also guarantee their obligations to third parties in any way, including through pledges, assignments or transfers for security or guarantees of any kind, remunerated or not, even if these guarantees and securities exclusively serve the interests of the direct or indirect shareholders or other group companies.
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