23. November 2023
Wise to move its largest office to the new Invego business quarter
Global technology company Wise will move its largest office with a staff of 2,000 to the corner of Volta and Kopli streets in the business quarter which is being developed by Invego. The Tallinn office of Wise accounts for significant part of its global development, and the new location to be completed in 2025 will support the company’s sustainable growth.
Liis Reisner, Workplace Projects Manager at Wise, says that the new office will meet the needs of the growing team of Wise and will support its development both in Estonia and globally: “We are very excited and wish to create in the Krulli Quarter a truly innovative and inclusive environment that supports our work methods and meets the wishes and needs of the staff.” Reisner adds that although the company’s teams operate across offices and its 10 million customers are located all over the world, Wise has its roots firmly in Estonia: “We are really proud that we can build Wise right here and help to promote the Estonian technology sector worldwide.”
According to Kristjan-Thor Vähi, CEO of Invego, the fact that Wise, with its global reach, has decided to further strengthen its presence in Estonia and to relocate its Tallinn office to the Krulli Quarter is great news for the country and Tallinn in particular. “We in Invego have been entrusted to give this decision a precise geographical dimension and to provide Wise with a high-end, modern and complete office environment,” said Vähi, emphasizing that in addition to innovation and sustainability, one keyword of the new Krulli Quarter is architectural ambition characteristic to Invago.
The business quarter will be located on the site of the former Franz Krull machine factory and is in the immediate vicinity of Noblessner, Volta Quarter and Telliskivi Creative City. Its pearl is the former limestone industrial building with a total area of nearly 30,000 square metres, which will be fully renovated and house the new office of Wise. A pedestrian street running through the entire area and a central park area will also be added. Considerable emphasis is being placed on developing a network of light traffic roads and car-free accessibility. The quarter will also have an underground parking lot for light mobility, including bicycles and box bikes, as well as for cars.
Invego is investing a total of 75 million euros in the business quarter located at the corner of Volta and Kopli streets. The author of the solution for the second stage of the quarter is award-winning architect Martin Aunin, the general contractor is NOBE, and the final completion of the development is scheduled for the first half of 2025.
Wise is a global technology company, building the best way to move money around the world. With the Wise account people and businesses can hold over 40 currencies, move money between countries and spend money abroad. Large companies and banks use Wise technology and a cross-border payments network that will one day power money without borders for everyone, everywhere. Wise is on a mission to make your life easier and save you money.
Co-founded by Kristo Käärmann and Taavet Hinrikus, Wise was launched in 2011. It is one of the world’s fastest growing, profitable technology companies and is listed on the London Stock Exchange.
10 million people and businesses use Wise globally. In the fiscal year 2023, Wise processed more than 120 billion euros in cross-border transactions, saving customers more than 1.7 billion euros. Wise’s largest office with 2,000 employees is located in Tallinn.
Invego is one of Estonia’s leading real estate development companies, which in recent years has developed over 1,100 homes and 20,000 square metres of commercial space in Tallinn and its surroundings. Among the major developments, Invego recently completed its Tiskreoja and Tabasalu Kodu projects, and is now developing Luccaranna and Uus-Järveküla residential areas.