Cheyne Capital provided an investment loan of £22.35 million to the Fusion Group for the conversion of a 15-storey office building in Bristol known as Froomsgate House into student housing. The funds helped Fusion Group finance the acquisition and will finance the planned development of the property into student accomodation with at least 438 beds. The development will benefit the students of Bristol, where the rent per bed is one of the highest in the UK.