PARIS – Puig has expanded its headquarters in Barcelona, Spain, and opened a second tower.

“With this recent addition, we double the surface of our HQ as an emblem of our global growth and momentum, while we reaffirm our values and sustainability commitments and maintain our roots in town that saw our birth in 1914,” Marc Puig, chairman and chief executive officer of Puig, said in a press release Monday. “Our operations teams have just began a phased move that may proceed until the tip of the yr to make sure a smooth transition for our employees.”

The constructing stands next to the Spanish beauty and fashion company’s first tower within the Plaza Europa business area and incorporates the group’s operations hub with an innovation center. The location, which is to accommodate around 485 employees, shall be officially inaugurated in the primary quarter of 2024.

The brand new constructing, with 20 floors and spanning 226,040-square-feet, was designed by GCA Architects. It’s designed to appear like 4 stacked cubes with a glazed surface. Within the structure are six intelligent elevators and a three-story parking area with chargers for electric vehicles.

“Its flexible interior design also provides a variety of space solutions and cutting-edge technologies, giving approach to a set of dynamic and collaborative work environments for workers to foster creativity and innovation in the present hybrid model of working,” the corporate said within the statement.

This constructing has quite a few other sustainable features, comparable to on-site photovoltaic and solar thermal energy production systems, which might offset by 25 percent the constructing’s operational carbon footprint.

The waste created by the constructing’s construction has been sent to authorized waste-management facilities for treatment and recovery. The tower has received a LEED Gold certification, with a 71/100 rating rating.

Puig’s first tower opened in 2014 and houses about 500 employees from the corporate’s corporate office, headquarters and support functions, brands and perfumery center.

Family-owned Puig registered net sales of three.62 billion euros in 2022. Marc Puig said recently that the corporate is assessing all strategic alternatives for the corporate’s future, including possibly opening its capital to 3rd parties through an IPO.