- Gaw Capital Partners is a multi-asset investment firm with approximately $35bn in assets under management;
- Active in the UK since 2014, the firm has invested approximately £1.7bn in central London commercial real estate, including the Lloyd’s Building and Milton Gate;
- The loan from OakNorth will refinance Gilray House, a 16,876 sq. ft. office and retail property in London’s Old Street district;
- The property underwent a comprehensive refurbishment in 2023, delivering modern, Grade A office accommodation.
London, UK, 20th October 2026: OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a loan to Gaw Capital Partners to refinance existing debt secured against Gilray House, a mixed-use office and retail property in London’s Old Street district.
Founded in 2005, Gaw Capital Partners is a multi-asset investment firm with approximately $35bn in assets under management. The firm specialises in identifying and repositioning real estate assets, with investments spanning multiple sectors and geographies. Since establishing its UK presence in 2014, Gaw Capital has built a significant commercial real estate portfolio, including landmark London properties such as the Lloyd’s Building, Milton Gate, Vintners’ Place and Harbour Exchange.
Located on City Road, Gilray House is a 16,876 sq. ft. freehold property comprising five floors of modern office accommodation, alongside ground-floor and basement retail space. The building is situated approximately 150 metres from Old Street station, providing excellent transport connections to the City of London and wider capital. Gaw Capital acquired the property in 2017 and completed an extensive refurbishment and extension programme in 2023. The works delivered Grade A office accommodation with fully fitted workspaces, modern kitchen and shower facilities, cycle storage and an EPC B rating.
Gilray House is a high-quality asset in one of London’s most established and well-connected commercial districts. Since acquiring the property, Gaw Capital has made a significant investment in transforming it into modern, flexible office accommodation that meets the evolving needs of businesses. This refinancing provides the firm with the flexibility to continue executing the long-term strategy for the asset.
Greg Manson, Director of Property Finance at OakNorth, added: “Gaw Capital Partners has an impressive global track record of investing in and repositioning commercial real estate assets, including some of London’s most recognisable office buildings. Gilray House is a strong example of this expertise, having undergone a significant refurbishment to deliver high-quality, flexible workspace in a prime City Fringe location. Its proximity to Old Street station, modern specification and established occupier base make it well positioned to benefit from continued demand for flexible office accommodation. We are delighted to support Gaw Capital on this refinancing and look forward to building our relationship with the team.”
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Notes to editors
About Gaw Capital Partners
Based in Asia, Gaw Capital Partners is a multi-asset investment management firm focusing on real estate, private equity and growth equity, private credit and infrastructure globally.
Since its inception in 2005, the firm has raised seven commingled funds targeting Asia Pacific, alongside value-add /opportunistic funds in other regions and verticals. In recent years, it has also scaled up its Growth Equity platform, with multiple discretionary funds and separate accounts under management. It also manages credit strategies and other separate account direct investments globally.
Since 2005, the firm has managed US$34.8 billion in assets and raised US$25.3 billion in equity as of Q2 2026.
About OakNorth
Launched in September 2015, OakNorth is the bank for entrepreneurs, by entrepreneurs. It was founded to address the persistent funding gap facing lower mid-market businesses – a segment that accounts for a significant share of economic output yet remains underserved by traditional banks.
To date, OakNorth has provided over $23bn in lending to thousands of entrepreneur-led businesses across the UK and US, supporting the creation of more than 70,000 jobs and generating more than $53bn in economic value. Throughout multiple economic cycles, the bank has maintained a highly disciplined approach to credit, delivering performance metrics that place it among the top 1% of commercial banks globally.
It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Visit www.oaknorth.co.uk for more information.