FDC backs workspace provider with multimillion-pound funding deal

Birmingham-based investment firm Frontier Development Capital (FDC), part of Mercia Asset Management, is backing the expansion of Gilbanks with a multi-million-pound funding deal.

The investment will help the workspace provider expand its network of service-led office spaces.

Gilbanks is already expanding in Birmingham with a new 22,000 sq ft workspace at Five St Philips.

Ondrej Okeke, investment director at FDC said: “The flexible workspace sector is a familiar and exciting market for us. Gilbanks’ strong management team, solid track record, and impressive pipeline made this a particularly attractive opportunity. We look forward to supporting their expansion.”

Headquartered in Leeds with operations in Manchester, Gilbanks specialises in sustainable office spaces and aims to expand further across the UK with this funding.

Alex Duckett, managing director of Gilbanks said: “Businesses and landlords recognise that the office landscape has shifted towards a more service-led, experience-driven model. At Gilbanks, our priority has always been to enhance the customer experience by selecting the best locations with outstanding sustainability credentials and top-tier amenities. The new funding allows us to expand across the UK as we find suitable sites with forward-thinking landlords.”