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

 

BusinessDesk: SkyCity Lifts Minimum Convention Centre Investment To $430M

SkyCity Entertainment Group, the casino operator, has lifted the minimum it will invest in the Auckland International Convention Centre to $430 million and said total costs including land may be $450 million to $470 million. More>>

Statistics: Drop In Dairy Prices Leads Fall In Exports

Total goods exports fell $240 million (5.5 percent) to $4.2 billion in April 2015 compared with April 2014, Statistics New Zealand said today. More>>

BusinessDesk: APN's NZME Sees Future In Paywalls, Growth In Digital Sales

APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany's Die Welt uses, saying an 'integrated sales proposition' is helping it win market share, including ... More>>

Labour Party: Global Milk Prices Now Lowest In 6 Years

The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices ... More>>

BusinessDesk: NZ Inflation Expectations Creep Higher In June Survey

May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. More>>

BusinessDesk: Lower Fuel Costs Drive Down NZ Producer Input, Output Prices

May 19 - Producer input and output prices fell in the first quarter, mainly reflecting lower fuel costs and weakness in prices of meat and dairy products. More>>


Media: Fairfax Media NZ Announces Senior Editorial Team

Fairfax Media New Zealand has today confirmed its new editorial leadership team, as part of a transformation of its newsrooms aimed at enhancing local and national journalism across digital and print. More>>

Science: Flavonoids Reduce Cold And Cough Risk

Flavonoids reduce cold and cough risk Research from the University of Auckland shows eating flavonoids – found in green tea, apples, blueberries, cocoa, red wine and onions – can significantly reduce the risk of catching colds and coughs. The research, ... More>>

BusinessDesk: RBNZ House Alert Speech The Catalyst For Government Action

Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government's weekend announcements about tightly ... More>>

BusinessDesk: How To Fall Foul Of The New Housing Tax Rules: Tips From IRD

Just because you rented out your investment property doesn't absolve you from paying tax, says the Inland Revenue Department in a summary of commonly made mistakes by non-professional property investors when it comes to their tax liability.More>>

Legal: Superdiversity Law, Policy And Business Stocktake Announced

Mai Chen, Managing Partner at Chen Palmer New Zealand Public and Employment Law Specialists and Adjunct Professor of Law at the University of Auckland, today announced the establishment ... More>>

Housing: More House Price Gains Expected

House price expectations remain high, with a net 56% of respondents expecting house prices will increase. Fears of higher interest rates are fading, consistent with the RBNZ’s signals this year. Affordability and a lack of houses for ... More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news