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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

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