The first facility will support a development in Holborn, situated within close proximity of London universities including LSE, Kings College London and Queen Mary University of London.

Once the project is completed it will also provide a mix of cultural and affordable workspaces for creative businesses, leased free of charge by the Creative Land Trust, also included will be a viaduct connecting Holborn Viaduct and Snow Hill, as well as a free public access roof terrace.

The development will consist of 669 beds, with over 35% allocated as affordable accommodation and 64 rooms as wheelchair accessible.

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A second loan will fund a development in the heart of the City of London, situated at 65 Crutched Friars between Aldgate and Tower Hill, which will consist of just under 800 beds, of which 35% will be affordable.

The space will also host the Migration Museum, a three-floor, 30,000 sq ft free to enter space.

The schemes, which have a combined GDV of circa £800m, will be developed and operated by Dominus.

Arron Taggart, head of UK investment at Cheyne Capital, commented: “We are pleased to be partnering with Dominus to deliver two developments in the heart of central London which will not only provide a first-class experience for students, but also stand to deliver benefits to the wider community.”