Gilbanks scores multimillion pound backing
to fuel UK expansion

It’s full steam ahead for Gilbanks, as the premium workspace provider locks in a multi-million-pound investment from Frontier Development Capital (FDC), part of Mercia Asset Management. The deal marks a pivotal moment for the Leeds-based firm as it ramps up plans to scale its footprint across major UK cities.

The funding—backed by FDC, part of Mercia Asset Management—will fast-track the rollout of Gilbanks’ signature blend of service-led, design-forward workspaces. This news comes hot off the heels of Gilbanks’ announcement at Five St Philips in Birmingham, with a 22,000 sq ft site set to open in Birmingham and its 34,000 sq ft launch at Manchester’s landmark No.1 St Michael’s still fresh. The operator is building serious momentum.

Ondrej Okeke, Investment Director at FDC, commented: "The flexible workspace sector is a familiar and exciting market for us. Gilbanks' strong management team, solid track record, robust income model, and impressive pipeline made this a particularly attractive opportunity. We look forward to supporting Gilbanks expansion as they target new locations in strategic urban centres and grow a national footprint".

Taking to LinkedIn, Gilbanks' MD, Alex Duckett commented: "We are delighted to be working with Frontier Development Capital as we continue our mission in leading the new era of how workspace is delivered. By understanding the culture and needs of professional business, we create functional, dynamic and aspirational workspaces for companies and their employees to grow and thrive".

With roots in Leeds and a presence accelerating across the North and Midlands, Gilbanks is now eyeing new cities and strategic sites - partnering with forward-thinking landlords to take its offering nationwide in the months ahead.

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