Press Release
Patek Philippe, Geneva
October 15, 2015
Foundation stone laying ceremony for the new Patek Philippe building in Plan-les-Ouates
In January 2015, Patek Philippe announced its decision to strengthen its presence in Geneva with theconstruction of a new building on its manufacturing site in Plan-les-Ouates. A total of CHF 500 million(CHF 450 million for the construction and CHF 50 million for the production technical equipment) will
be invested into this new building, which by 2018 will provide additional space for new activities andthe transfer of know-how. The family-owned company is again making a strong commitment to its
Geneva origins.
Patek Philippe celebrated the laying of the foundation stone on October 15, 2015, in the presence ofaround 200 guests. Mr. Philippe Stern, Honorary President and Mr. Thierry Stern, President,
addressed the many guests, alongside Mr. de Marignac, architect, Mr. Xavier Magnin, Mayor of Planles-Ouates, and the Geneva State Counselor Mr. Antonio Hodgers.
Together Philippe Stern, Thierry Stern, Xavier Magnin and Antonio Hodgers lay the foundation stonethus marking the beginning of a major construction site in the development of Patek Philippe.
"We are delighted that this project will allow us to further expand and sustainably safeguard thecontinuity of our business activities; at the same time, it expresses the strong alliance between Patek
Philippe and Geneva," said Philippe and Thierry Stern. "The support we have received from thecantonal government and the community of Plan-les-Ouates gives us the assurance that we canimplement this expansion project under ideal circumstances and within an optimized time frame. It is
an important initiative in the long-term interest of our company's development and future."
Developing new technologies and sophisticated artisan skills, as well as reinforcing andtransferring know-how
The enlargement of the Plan-les-Ouates site with an additional building is motivated by the objective ofdeveloping new business activities and creating ideal prerequisites for the multifaceted requirements
imposed on Patek Philippe's in-house basic and advanced training programs. This applies in particular
to the following domains:
Innovation
Intensification of applied research in horological technologies (as a complement to the research
projects pursued by the Patek Philippe Chair at the Swiss Federal Institute of Technology inLausanne), specifically by establishing new test and homologation laboratories.
Artisan professions
Creation of a new "Rare Handcrafts" department that will accommodate some 40 internal and external
artisans. The department will also include a training center dedicated to these rare artisan skills thatare extremely important to Patek Philippe.

Chemin du Pont-du-Centenaire 141 – CH - 1228 Plan-les-Ouates
Mail address: P.O. Box 2654 – CH - 1211 Geneva 2
Tel. + 41 22 884 20 20 – Fax + 41 22 884 25 47 – www.patek.com

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Provision of manufacturing and warehousing resources for spare parts to consolidate repair activities
with a special focus on the restoration of old timepieces.
Training
Centralization in Geneva of training assets for watchmaking and repairs, as well as sales andmarketing for watchmakers, distributors, and retailers in Switzerland and abroad.
Optimization of capacities for the long term
Since the manufacture consolidated all of its activities in Plan-les-Ouates in 1996, it has grownsignificantly. Soon thereafter, in 2003, it became necessary to relocate the exterior components
department to Perly, a neighboring community of Plan-les-Ouates. The purchase of a plot of land in2009 enlarged the Plan-les-Ouates site, making it possible to renovate and extend a building toaccommodate the production of all movement parts.
The new building will provide a floor area of about 110,000 m2, half of which is dedicated toproduction, spread out on six stories as well as four underground levels. When completed in 2018, it
will provide space requirements for future development. The new building creates an opportunity toreconsolidate all Geneva-based activities on a single site and is expected to offer sufficient reserves for
Patek Philippe's growth in the next 20 to 30 years.
State-of-the-art production resources
Both structurally and in terms of its technical installations, the new building will comply with strict
energy conservation guidelines. Overall, the building's energy efficiency largely corresponds to theMinergie-P standard.
The building permit application was filed on December 10, 2014, and Patek Philippe launched theconstruction site in the spring of 2015. It is estimated to last four years.
Financed entirely by Patek Philippe, the building was designed by Frisk de Marignac Pidoux, anarchitectural firm headquartered in Geneva. It will be built by Thônex-based contractors Frei & StefaniSA.

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Key Facts and Figures
Total floor area
Usable floor area
+ underground levels

around 110,000 m2
around 50,000 m2 on 4 stories + ground floor + top floor (restaurant)
2 for utilities and building services + 2 for parking

Total budget

CHF 500 million (CHF 450 million for the construction and CHF 50 million
for the production technical equipment)

Building owner

PATEK PHILIPPE GENEVE SA

Architects
DesignImplementation

Frisk de Marignac Pidoux, Geneva
Frei & Stefani SA, Thônex (Geneva)