\u201cFrom our humble beginnings as team of four in a Wellington apartment more than 11 years ago, to a company of more than 1,800 staff globally, we\u2019ve shown what can be achieved from New Zealand,\u201d says Xero founder and chief executive Rod Drury during the opening of the software company\u2019s new headquarters.\n\u201cWe\u2019ve created a world class facility in Wellington - and our biggest office globally - with more than 650 employees spread over five levels with an internal atrium staircase connecting the floors. The space fosters modern agile working, global collaboration through online tools and allows room for future growth,\u201d says Drury.\nHe was joined by Finance Minister and MP for Wellington Central Grant Robertson and Wellington Mayor Justin Lester during the event.\nThe building is in the corner Taranaki and Wakefield Streets. It used to house Manthel Motors and was also a World War II storehouse before being converted to offices in 1990.\nXero chief executive Rod Drury\nThe space fosters modern agile working, global collaboration through online tools and allows room for future growth\nThe building\u2019s heritage was respected during the build, says Xero. The team overseeing the project retained the two-level heritage fa?ade and constructed five brand-new storeys within, with a new fa?ade for the top three. The heritage fa?ade is attached to the new structure, which achieves 100 per cent of the new building standard for earthquakes.\nNo caption\nDrury worked with property developer The Wellington Company, as well as architects, engineers and designers to restore and modernise the iconic Wellington space.\nNo caption\n\u201cWorking together, we\u2019re proud to have been able to transform the landmark Manthel Motors building into a unique vertical campus to house our expanding Wellington team - while maintaining the heritage of this special building,\u201d says Drury.\nDuring the opening, Drury also announced the findings of a recent New Zealand Institute of Economic Research (NZIER) economic impact study into Xero\u2019s economic contribution to New Zealand.\nDrury said the NZIER analysis shows Xero contributed $30.9 million directly to New Zealand\u2019s GDP in the year ended 31 March 2017 - an increase of 368 per cent since 2013.\nNo caption\n\u201cXero now employs nearly 1000 people in New Zealand, paying $91 million in wages here in 2017, but we are a truly global company as can be evidenced by Xero generating nearly 80 per cent of its global revenue from exports in 2017,\u201d says Drury.\nThe report says Xero now accounts for 33.4 per cent of computer system design and related services exports ($698million), and 27 per cent of financial and accounting services exports ($863 million).\n\u201cAs Xero\u2019s growth continues over the next decade, NZIER analysis projects that it will generate an additional $330 million of GDP for the New Zealand economy. This additional economic activity is forecasted to create 570 jobs that otherwise would not have existed, and will generate an extra $115 million of wages across the New Zealand economy,\u201d says Craig Hudson, Xero\u2019s New Zealand country manager.\nGet the latest on digital transformation: Sign up for CIO newsletters for regular updates on CIO news, career tips, views and events. Follow CIO New Zealand on Twitter:@cio_nz Join us on Facebook.