Global real estate investor Invesco Real Estate will acquire the £40 million Marleigh Park in Cambridge from The Hill Group.
The Invesco acquisition features two residential buildings. The first is 32 units and due for completion before the end of 2025. The second is 77 units and handover is scheduled for Q3 2026.
This recent deal is the third build-to-rent (BTR) transaction for The Hill Group in 2025.
Andy Hill, chief executive at 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.”
Marleigh Park is located on the eastern edge of Cambridge and is expected to deliver 1,391 new homes.
A spokesperson for The Hill Group cites a limited BTR pipeline and constrained existing stock as reasons why Cambridge is ‘one of the most undersupplied markets’. Cambridge has a relatively high graduate retention rate of 39% and a median household income of £61,500 which is substantially higher than the South East at £42,300.
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.”
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