Interparfums will soon bring together all of its teams on a single site, in the heart of Paris. The company today announced the completion of the acquisition of its future headquarters at 10 rue de Solférino, in the 7th arrondissement, from the property developer, Apsys. An office complex combining three buildings connected by two inner courtyards, comprising in large part the French Socialist Party’s former headquarters, it will offer total square footage of approximately 40,000 sq. ft. (3,700 sqm).
“This new headquarters will make it possible in spring 2022 to house all teams at a single site, contribute to a new more flexible and convivial work organization and provide a showcase of excellence for all the company’s partners,” said Interpafums in a release.
The EUR 125 million purchase price for this building, in line with market values, includes the complete renovation of the site and is financed by a 10-year EUR 120 million bank loan to benefit from current interest rates.
Spearheaded by the architectural firm Viguier, this redevelopment project combines state-of-the-art restoration with a high level of comfort and performance in terms of energy, temperature control, acoustics and domotics, reflecting a demanding environmental strategy to obtain a rating of Excellent for BREEAM [1] and HQE [2] assessed buildings.
“This purchase is an exceptional opportunity.These new headquarters will allow us to pursue our development within an incomparable setting at a prestigious address that perfectly fits our brand portfolio,“ commented Philippe Benacin and Jean Madar, the co-founders of Interparfums Group.
Interparfums develops, manufactures and distributes prestige perfumes and cosmetics as the exclusive worldwide licensee for Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Moncler, Montblanc, Paul Smith, Repetto, S.T. Dupont and Van Cleef & Arpels. The company is also the owner of Lanvin fragrances and the Rochas brand. With products sold in over 100 countries worldwide through a selective distribution network, in 2020 Interparfums had consolidated sales of EUR 367 million.
