The letting, for short or long periods, of real estate; as well as the purchase, sale, brokerage, promotion, management, administration and management of all real estate, either on its own account or on behalf of third parties. It may, in addition, carry out all financial, commercial, industrial, movable or immovable transactions, as well as any advisory activity that may be directly or indirectly related to its main object or to any similar object; create branches or subsidiaries in Switzerland and abroad; participate in all enterprises having a direct or indirect connection with its purpose. It may grant loans or guarantees to shareholders or third parties.