Invesco Real Estate has committed to acquire a 109-unit residential asset within Cambridge’s Marleigh Park masterplan for £40 million.
There are two residential buildings still under construction. 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.
The transaction with housebuilder, The Hill Group, has been undertaken on behalf of one of Invesco Real Estate’s German separate account mandates.
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.”
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 high-quality, self-contained neighbourhood.
Residents will have access to a broad range of amenities, including an already flourishing primary school, sports playing fields, restaurants, retail and community facilities.
The project is being 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.
Amelia Merrick, director 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.”