Dominus and Cheyne Capital secure £250 million of development financing from Standard Chartered for 65 Fleet Street
London, 6 May 2026 – Dominus, a leading real estate investor, developer and operator, and Cheyne Capital, the global alternative investment manager, has secured £250 million of financing from Standard Chartered to fund the ongoing transformation of a former office building at 65 Fleet Street into a student living scheme.
The 370,000 sq ft (Gross Internal Area), 13-storey scheme will deliver 875 student rooms, 35% of which will be offered at affordable rents capped by the Mayor of London, alongside 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 ideally positioned to serve the capital’s growing student population.
There were over 475,000 full-time students in London for the academic year 2024/25, and recent UCAS data revealed UK universities received a record 619,360 applications for the 2026/27 academic year. Research published by Knight Frank revealed that investment in PBSA rose 10% year-on-year, totalling £4.3 billion in 2025 across 79 deals.
Alongside the purpose-built student accommodation, the development will also deliver cultural space on the ground and lower ground floors, including the sensitive restoration and enhancement of the Grade II-listed Tipperary pub, London’s oldest Irish pub. Dominus is also creating new, improved public access to the Grade II-listed Whitefriars Crypt, the last remaining structure of the 13th-century Whitefriars Monastery.
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.
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 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.
“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.”
“We are delighted to partner with Dominus and Cheyne Capital on the financing of 65 Fleet Street. The scheme is well positioned in a supply constrained central London market, underpinned by sustained demand from one of the world’s leading higher education hubs. This transaction reflects our continued support for high quality developments in the living sector across Europe.”
