Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Xero HQ expands into third building

Xero HQ expands into third building
Media Release
11 November 2013

Wellington headquartered online accounting company Xero is expanding into a third building in the capital. Xero has quickly grown to over 600 staff globally and has over 250 in Wellington. The Manthel building is in a high profile corner location at 19-23 Taranaki St, in view of Xero House at 3 Market Lane (the previous Rialto Theatre building) and across the road from an additional space Xero leases in Wakefield Street. Xero has naming rights and the building will be called Xero Two.

Painting of the building has begun (mockup photo attached) and staff will start moving in from the end of December this year. Xero will take the ground floor of the building for an initial term of just over two years and relocate part of its existing workforce into the building.

The new Xero building has been chosen for its availability, location and unique character. The company has had three independent engineering reports that confirm the building’s safety in relation to earthquake risk. The landlord is committed to further development work in the short to medium term that may provide further space for Xero.

The area Xero’s offices are located in is being described as Wellington’s “hi-tech precinct”, with Trade Me, NZX, Infratil and other firms nearby. It is close to transport for commuting staff and there are plenty of cafes and facilities nearby.

"Xero is proud to be creating hundreds of hi-tech jobs,” says Chief Executive Rod Drury. "Wellington is a fantastic place to build a global business with the talent, creativity, passion and diversity the city attracts. Being able to use our growth to revitalize character spaces in our beautiful City is something our team is very proud off.”

Merino clothing manufacturer Icebreaker have offices on the first floor of the building and are welcoming their new neighbours. "Icebreaker is delighted to welcome Xero to the building. Like us, they're a New Zealand company focused on global growth with a Head Office in Wellington," says Icebreaker COO David Anderson.

Xero has offices in Auckland, Melbourne, Sydney, Canberra, Milton Keynes, London, San Francisco and Denver and a number of smaller facilities in other cities. Wellington has the most staff and numbers may reach over 350 by the end of FY14. Xero House in Market Lane is reaching capacity after being commissioned in March last year.

Xero is benefiting from a strong culture and extensive use of online technology in ensuring it is not constrained by being in multiple locations.

"We've built a great team culture and are used to communicating around the world. Teams are highly connected both through regular team and cross-team meetings. Collaborative cloud services such as Google Docs, Yammer, Skype and Office 365 allow us to work together remotely. And the new building is only across the intersection - we'll be able to wave at each other," says Drury.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Houses (& Tobacco) Lead Inflation: CPI Up 0.3% In March Quarter

The consumers price index (CPI) rose 0.3 percent in the March 2014 quarter, Statistics New Zealand said today. Higher tobacco and housing prices were partly countered by seasonally cheaper international air fares, vegetables, and package holidays. More>>

ALSO:

Notoriously Reliable Predictions: Budget To Show Rise In Full-Time Income To 2018: English

This year’s Budget will forecast wage increases through to 2018 amounting to a $10,500 a year increase in average full time earnings over six years to $62,200 a year, says Finance Minister Bill English in a speech urging voters not to “put all of this at risk” by changing the government. More>>

ALSO:

Prices Up, Volume Down: March NZ House Sales Drop 10% As Loan Curbs Bite

New Zealand house sales dropped 10 percent in March from a year earlier as the Reserve Bank’s restrictions on low-equity mortgages continue to weigh on sales of cheaper property. More>>

ALSO:

Scoop Business: Chorus To Appeal Copper Pricing Judgment

Chorus will appeal a High Court ruling upholding the Commerce Commission’s determination setting the regulated prices on the telecommunications network operator’s copper lines. More>>

ALSO:

Earlier:

Cars: Precautionary Recalls Announced For Toyota Vehicles

Toyota advises that a number of its New Zealand vehicles are affected by a series of precautionary global recalls. Toyota New Zealand General Manager Customer Services Spencer Morris stressed that the recalls are precautionary. More>>

ALSO:

'Gardening Club': Air Freight Cartel Nets Almost $12 Million In Penalties

The High Court in Auckland has today ordered Swiss company Kuehne + Nagel International AG to pay a penalty of $3.1 million plus costs for breaches of the Commerce Act. Kuehne + Nagel’s penalty brings the total penalties ordered in this case to $11.95 million ... More>>

ALSO:

Crown Accounts: Revenue Below Projections

Core Crown tax revenue has increased by $1.9 billion (or 5.0%) compared to the same time last year. However this was $1.1 billion less than expected and is reflected across most tax types, continuing the pattern of recent months. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news