The scheme, a 13-storey building covering 370,000 sq ft, will comprise 875 student rooms, 35% of which will be offered at affordable rents capped by the Mayor of London, as well as extensive social, study and wellbeing spaces including private dining rooms, gym and wellness facilities.

The site is within easy reach of several of London’s leading universities, including King’s College London, London School of Economics and University College London, making it well positioned to serve the capital’s growing student population.

Alongside the student accommodation, the development will also deliver cultural space on the ground and lower ground floors, including the restoration of the Grade II-listed Tipperary pub and improved public access to the Grade II-listed Whitefriars Crypt.

Designed with a retrofit-first approach that retains 75% of the existing structure, 65 Fleet Street is targeting a BREEAM Outstanding rating and CRREM alignment.

“London remains a world leader for higher education, with four of its universities ranked in the top 60 globally, yet it has an ongoing structural shortfall of accommodation to meet student demand,’’ said Preet Ahluwalia, CEO at Dominus.

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“We are delighted to be partnering with Cheyne Capital and Standard Chartered on this financing, supporting the delivery of a leading student accommodation scheme just minutes from some of the world’s best universities.”

Hamish Gordon, director at Cheyne Capital’s Real Estate Group, added: “We continue to see strong opportunity in London’s PBSA market, driven by growing demand for high-quality city centre student accommodation.

“We’re pleased to be working with Standard Chartered and our long-standing partner Dominus on a project that will help meet this demand while adding value to the surrounding community.”

Dominus secured Gateway 2 approval from the Building Safety Regulator last year, with construction now underway and being delivered by main contractor HG Construction.

The scheme is due to complete in summer 2028 and will be open to students for the 2028/29 academic year.

Once complete, it will form part of Dominus’ operational student portfolio, which includes 2,300 beds currently being delivered across three central London locations: 65 Fleet Street, 65 Crutched Friars and 65 Holborn Viaduct.

Eastdil Secured advised on the financing transaction.