Royal London Asset Management Property has chosen premium workspace provider Gilbanks to develop a 22,000 sq. ft space on a 15-year lease at the landmark Five St Philips building in Birmingham’s commercial core.
The new office marks Gilbanks’ debut in Birmingham, and the company promises to set a high standard for serviced offices in the city. The serviced office firm will also work with managing agent JLL to provide reception services and operate the communal amenities for the building.
Will Hawking, Sector Lead at Royal London Asset Management Property, said: “Royal London Asset Management is committed to delivering best-in-class, sustainable workspace across the UK, so it is important for us to work with partners who share that outlook. The partnership with Gilbanks raises the bar and sets a new blueprint for multi-let office buildings. Five St Philips now offers an amenity-rich and unique environment for small and large businesses to come together.”
The new Gilbanks development at Five St Philips on Colmore Row will combine state-of-the-art workspace with world-class facilities, including club-class changing rooms, an expansive event suite overlooking the historic Birmingham Cathedral, and a statement club lounge reception. Positioned at the heart of Birmingham’s business district with unique views over Cathedral Square, Five St Philips provides 67,000 sq ft of BREEAM excellent, sustainability and wellness-focused workspace.
Gilbanks’ tenants will benefit from a seamless, hotel-style experience through soft services such as front-of-house and event hosting, making Five St Philips a destination for small and large businesses seeking top-tier workspace in Birmingham.
With increasing demand for flexibility and high-quality work environments, Gilbanks is well-positioned to meet the evolving needs of businesses. “As tenants demand flexibility and the very best working environments, landlords nationally are recognising the need to enhance building experiences,” said Alex Duckett, managing director of Gilbanks. “Having a workspace operator within a building enables a unique proactive approach and unrivalled service level. Five St Philips stands out as the best in Birmingham, which aligns entirely with the Gilbanks brand.”
Savills and Knight Frank, representing Royal London Asset Management Property, and CBRE, on behalf of Gilbanks, helped secure the deal. Ben Thacker, director at Savills, commented, “The offering between Five St Philips and Gilbanks will make a statement for businesses demanding the highest-quality workspace for their employees. Demand for these private offices will be high, and we understand contracts are already out with the first customers.”
Gilbanks has established a niche in the market by offering professional firms a premium working environment with high service levels and building strong business communities through strategic events and introductions.
The company recently launched 34,000 sq ft of new office space in Manchester’s £400m high-profile No.1 St Michael’s development. It also manages successful operations in Leeds and 11 York Street in Manchester.
