A Patek Philippe building bought by Rolex
Rolex bought an industrial building owned by Patek Philippe in Perly-Certoux, near Geneva for CHF 27 million. The building covers 53,819 square feet and offers space for 200 employees. At the same time, the luxury watchmaking giant is expanding its site in Chêne-Bourg, near Annemasse, highly appreciated by workers from neighboring France. In the autumn of 2015, Patek Philippe, the fourth Swiss watch brand, announced an investment of CHF 500 million at its Plan-les-Ouates site. The brand in hand of the Geneva family Stern did not specify the reason for this real estate sale to Rolex.