Invesco Real Estate, the US-headquartered investment firm, has agreed to acquire a 109-unit residential development currently under construction in Cambridge for approximately £40m. The acquisition covers the upcoming Marleigh Park development on the city’s eastern edge, being built by housebuilder The Hill Group.
The scheme consists of two self-contained buildings, with the first 32-unit block expected to complete by the end of 2025, and the second 77-unit block scheduled for handover in the third quarter of 2026. Once finished, Marleigh Park will provide 1,391 new homes along with community infrastructure and green spaces. Residents will benefit from an established primary school, sports playing fields, restaurants, retail outlets and other community facilities.
The Hill Group has already completed 547 homes and a new community centre around Jubilee Square as part of the first phase of development. All properties are built to high energy-efficiency standards, featuring air-source heat pumps, photovoltaic panels, EV charging points, underfloor heating, integrated kitchen appliances and low-carbon construction methods.
Cambridge is one of the UK’s most undersupplied rental markets, despite having a high graduate retention rate and a median household income of £61,500. 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, added: “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.”
This transaction represents The Hill Group’s third build-to-rent deal of 2025. The company was advised by Savills throughout the deal.
