Two Yorkshire property professionals launch new company to disrupt serviced offices sector

Two Yorkshire commercial property professionals have teamed up to launch a company which will address the serviced offices sector in the region.

Gilbanks has been launched by Alex Duckett, who previously worked for Knight Frank and Savills, and Oliver Corrigan, who owns Carrwood Park and Brookfield Court office parks by Junction 46 of the M1.

The new company’s primary focus will be creating the more serviced office space in the region as Duckett and Corrigan believe that the demand for high-quality serviced office space in Yorkshire cities, and especially in Leeds, is not being met.

Duckett explained: “The seismic change in working practices over the past decade, driven by the revolution in technology, has meant that the days of the traditional and functional, leasehold office, are numbered. Flexibility and a productive office experience are the key.

“But the serviced offer sector, especially in the regions, has remained largely unresponsive to these changes. Many serviced offices are tired and unwelcoming and simply don’t provide the level of service or create the environment that is needed.

“There is significant research urging businesses to embrace managed office solutions as it results in increased productivity and undoubtedly job satisfaction.

“The field is being led by many major national companies wanting satellite regional presence, as well as the flourishing start-up market, who recognise the importance of spaces that work to achieve a relaxing yet inspiring ambience which is necessary in attracting the young top talent.”

Carrwood Park, which was originally developed by Oliver Corrigan’s father John, has already proved that the Yorkshire market is ready for quality serviced offices.

Corrigan explained: “The unqualified success of Carrwood Park has driven the creation of Gilbanks. We are tremendously proud of what we have achieved here, and at nearby Brookfield Court, where 75,000 sq ft of stunning office space is consistently almost fully let.

“Creating a dynamic office environment where creativity is encouraged, where work becomes a pleasure and facilities align with business and personal values is what we specialise in.

Duckett revealed: “Even though managed space is still perceived to be an emerging asset class, Gilbanks are receiving significant interest from landlords with high profile buildings in Leeds city centre who are acknowledging this growing trend. Once negotiations have concluded we expect to open our first workspace in autumn this year.”