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

 

Sky City : Auckland Convention Centre Cost Jumps By A Fifth

SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 million to build an international convention centre in downtown Auckland, with further gambling concessions ruled out. The Auckland-based company has increased its estimate to build the centre to between $470 million and $530 million as the construction boom across the country drives up building costs and design changes add to the bill.
More>>

ALSO:

RMTU: Mediation Between Lyttelton Port And Union Fails

The Rail and Maritime Union (RMTU) has opted to continue its overtime ban indefinitely after mediation with the Lyttelton Port of Christchurch (LPC) failed to progress collective bargaining. More>>

Earlier:

Science Policy: Callaghan, NSC Funding Knocked In Submissions

Callaghan Innovation, which was last year allocated a budget of $566 million over four years to dish out research and development grants, and the National Science Challenges attracted criticism in submissions on the government’s draft national statement of science investment, with science funding largely seen as too fragmented. More>>

ALSO:

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

More:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news