The purchase, sale, holding, management and administration of real estate, also through participation in real estate companies or funds, as well as the financing of real estate transactions, and more generally, the performance of any other commercial or financial activity in the real estate sector. For its own financing, the company may issue debt securities in compliance with the applicable financial services regulations. The company may also - in Switzerland and abroad - establish branches, participate directly or indirectly in other companies with a similar or related social purpose, as well as carry out any other real estate, commercial or financial activity directly or indirectly related to the social purpose.