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UK: Invesco Real Estate has made a forward commitment to acquire 109 build-to-rent (BTR) apartments within the Marleigh Park masterplan in Cambridge.
The transaction with housebuilder The Hill Group has been undertaken on behalf of one of Invesco Real Estate’s German separate account mandates.
The £40 million acquisition comprises two self-contained residential buildings. The first, with 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 will deliver 1,391 new homes alongside community infrastructure and extensive green space. Residents will have access to a range of amenities, including a primary school, sports playing fields, restaurants, retail and community facilities.
The project will be developed by The Hill Group, a top-10 UK housebuilder and the UK’s second-largest privately owned housebuilder. Hill 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 BTR transaction for Hill in 2025.
Cambridge is one of the most undersupplied markets in the UK, with a limited BTR pipeline and constrained existing stock. Rental growth has been supported by persistent demand, solid economic prospects and affordability pressures in the owner-occupier market. The city also has one of the highest graduate retention rates in the UK (39 per cent) and a median household income of £61,500, materially above both the south-east (£42,300) and national (£40,600) medians.
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.
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, 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.”
Highlights:
• Invesco Real Estate has made a forward commitment to acquire 109 build-to-rent (BTR) apartments within the Marleigh Park masterplan in Cambridge
• The £40 million acquisition comprises two self-contained residential buildings.
• The first, with 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 will deliver 1,391 new homes alongside community infrastructure and extensive green space
