Gilbanks lands six-figure debt to open fifth UK workspace in Bristol

What's the deal? Leeds-based serviced office provider GilbanksDealroom has a profile for this one. Try Dealroom → has secured a six-figure debt package from Frontier Development Capital (FDC)Dealroom has a profile for this one. Try Dealroom → to fund its expansion into Bristol. The money will launch a 23,500sq ft workspace at the Assembly Bristol development, the company's fifth UK location.

Why now? The deal is a quick re-raise, building on a seven-figure investment FDC made in 2024. That earlier round helped fund a second Manchester site at Gary Neville's St Michael's development and a Birmingham location at Five St Philips.

What's the endgame? Founded by commercial property surveyor Alex Duckett, Gilbanks opened its first office in Leeds in 2018 before expanding to Manchester. It now aims to grow to 12 sites across the UK by 2030.

Duckett, managing director, said the new funding will bring the concept to Bristol "as part of our plan to target key cities throughout the UK." He added that the office landscape has "shifted towards a more service-led, experience-driven model."

Kathryn Light, investment manager at FDC, said: "Flexible workspace is a market we know very well at FDC." She added that Gilbanks has "built a strong niche delivering high-quality flexible workspace to a professional audience."

Squire Patton BoggsDealroom has a profile for this one. Try Dealroom → advised FDC on the transaction, while LCF LawDealroom has a profile for this one. Try Dealroom → and BrabnersDealroom has a profile for this one. Try Dealroom → advised Gilbanks.

The signal: A repeat lender backing the same operator within two years points to steady confidence in premium flexible workspace, even as the wider office market recalibrates around hybrid demand.

Read more: Bdaily

Image credit: Robert Cutts