Summary:
- Dominus and Cheyne Capital secured a £250 million loan from Standard Chartered to convert 65 Fleet Street, London, into a 370,000 sq ft student accommodation scheme offering 875 rooms, with 35% at affordable rents regulated by the mayor of London.
- The development incorporates cultural and heritage elements, including restoration of the Grade II listed Tipperary pub and improved public access to the Grade II listed Whitefriars Crypt, alongside extensive social, study, and wellness facilities.
- Designed with a retrofit-first approach retaining 75% of the existing structure, the project targets BREEAM Outstanding and CRREM alignment, addressing London’s structural shortfall in student housing near top-ranked universities.
Original article:
https://benews.co.uk/dominus-and-cheyne-secure-250m-loan-to-fund-london-pbsa-scheme/
