The established fund manager operating debt funds – Frontier Development Capital (FDC) has relocated its headquarters to Birmingham.
Initially based in Baskerville House, the company will move 25 of its employees over to the new 5,246 sq ft office located at 45 Church Street in the heart of Birmingham’s city centre.
Commenting on the move to the new HQ, Sue Summers, CEO at Frontier Development Capital, said: “This is an important milestone for Frontier Development Capital. Only three years since launch, the firm has grown rapidly, increasing funds under management while delivering crucial investment to mid-market businesses across England.
“45 Church Street will provide us with both the space and modern facilities needed to further grow our team, as we continue to establish FDC as a leading fund manager in the alternative funding landscape.
“We will also continue to see resilient, impassioned businesses coming through despite the uncertainties in our economic landscape, and we look forward to welcoming investee businesses, intermediaries and other partners to our city-centre home in the months to come.”
FDC provides access to investments of up to £10 million and has taken on an additional five new staff within the last 12 months, with plans to expand its operations further within the new space.
The investment firm also recently facilitated a high profile deal of the fitting furniture manufacturer Hammonds, who employs 837 staff.
David Rigby of Cushman & Wakefield said: “Located in the heart of the CBD, 45 Church Street offers Grade A quality accommodation in an unrivalled location. The new base will help FDC attract and retain the best staff, and it joins a host of prestigious occupiers including Bellpenny, Turner & Townsend and JLT.”