Invesco Real Estate, the $85billion global real estate investment business of Invesco Ltd, has made a forward commitment to acquire a 109-unit residential asset within Cambridge’s landmark Marleigh Park masterplan. The transaction with The Hill Group has been undertaken on behalf of one of Invesco Real Estate’s German separate account mandates.
The c.£40million acquisition comprises two self-contained residential buildings. The first, totalling 32 units, is expected to complete by the end of 2025, while the second 77-unit building is scheduled for handover in Q3 2026.
Situated on the eastern edge of Cambridge, Marleigh Park is one of the region’s most ambitious urban developments. Once complete, it is expected to deliver 1,391 new homes alongside community infrastructure and extensive green space, creating a self-contained neighbourhood. Residents will have access to a broad range of amenities, including a primary school, sports playing fields, restaurants, retail and community facilities.
The project will be developed by The Hill Group, which has already completed 547 homes and a new community centre around Jubilee Square as part of the first phase of Marleigh Park. This latest deal marks the third Build-to-Rent (BTR) transaction for Hill in 2025, signifying its growing status as a partner of choice in the sector.
Homes within Marleigh Park are all built to high energy-efficiency standards, resulting from air-source heat pumps, photovoltaic panels, EV-charging provision, underfloor heating, integrated kitchen appliances and low-carbon construction methods.
The Hill Group was advised by Savills during the transaction.
Andy Hill OBE, founder and group chief executive of The Hill Group, said: “It’s fantastic to be partnering with Invesco and Savills to bring Build-to-Rent homes to Marleigh Park. The development has already proven hugely popular in Cambridge, and I’m confident these new apartments will provide another great housing option for those looking to be part of this thriving community.”
Amelia Merrick, director of investments UK & Nordics at Invesco Real Estate, said: “Cambridge has become one of the UK’s most in-demand and dynamic residential markets, underpinned by its world-class university ecosystem, thriving innovation economy and strong population growth. We are delighted to partner with Hill on Marleigh Park—a development that combines placemaking, design quality and sustainability in a location with enduring demand, delivering a compelling opportunity for our client.”
