Invesco Real Estate, the USD85 billion global real estate investment business of Invesco Ltd. (NYSE: IVZ), has made a forward commitment to acquire a 109-unit residential asset within Cambridge's landmark Marleigh Park masterplan. The transaction with award-winning housebuilder, The Hill Group, has been undertaken on behalf of one of Invesco Real Estate's German separate account mandates.

The c. £40 million acquisition comprises of 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 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 will be developed by The Hill Group, a top-ten 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 build-to-rent (BTR) transaction for Hill in 2025, demonstrating its expertise and growing status as a partner of choice in the sector.

Cambridge remains 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%) 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.

The Hill Group was advised by Savills.

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.”

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About Invesco Ltd.

Invesco is a global independent investment management firm dedicated to delivering an investment  experience that helps people get more out of life. Our distinctive investment teams deliver a  comprehensive range of active, passive and alternative investment capabilities. With offices in more  than 20 countries, Invesco managed $2.1 trillion in assets on behalf of clients worldwide as of October  31, 2025. For more information, visit invesco.com/corporate.

About Invesco Private Markets

Invesco has global expertise and strong capabilities in private markets. With a global platform of US$132bn of assets under management in real estate and private credit, we offer both scale and depth of expertise with over 725 investment professionals across 16 countries and over 40 years of innovative experience to our investors as of 31 March 2025.

About Invesco Real Estate

Invesco Real Estate is a global leader in the real estate investment management business with US$84.4bn in real estate assets under management, 605 employees and 21 regional offices across the U.S., Europe and Asia. Invesco Real Estate has a 40-year investment history and has been actively investing across the risk-return spectrum, from core to opportunistic, in equity and debt real estate strategies, and in direct and listed real estate for its c. 450 institutional client relationships during this time. In Europe, Invesco Real Estate has eight offices in London, Munich, Milan, Madrid, Paris, Prague, Luxembourg and Warsaw, with 187 employees. It manages 205 assets across 14 European countries and with assets under management of US$16.5bn. The team has a strong track record across all the commercial sectors, hotels and living sectors as of 31 March 2025

About The Hill Group

The Hill Group is a top 10 housebuilder* and one of the leading developers in London, the home counties, and the South. The company is renowned for its partnership ethos, specialising in the building of distinctive new places and communities where people want to live, work, and socialise.

In its 26th year, this family run company has grown to establish itself as the UK's second-largest privately-owned housebuilder, with an impressive and diverse portfolio of projects ranging from landmark, mixed-use regenerations, and inner-city apartment developments to homes in rural communities. 

Employing over 950 people, the company operates from five strategically located regional offices including Bristol and Abingdon to help facilitate growth in the South West and the Midlands, with its head office based in Waltham Abbey, Essex. 

Hill completed more than 2,800 homes in the last financial year and has a development pipeline of over 32,000 homes, including 10,200 with planning consent. Around half of its portfolio is in joint ventures to deliver a range of mixed-tenure developments, reflecting Hill's commitment to partnerships with government, local authorities, housing associations, and private clients. 

Since the company was founded in 1999, Hill has won over 500 industry awards, including the esteemed title of WhatHouse? Housebuilder of the Year in 2015, 2020 and 2023. Most recently in 2024, Millside Grange in Croxley Green won The Standard's Homes & Property Award for Best Commuter Home.

Hill's dedication to delivering the highest quality homes and exceptional customer service has earned the housebuilder its 5-star status in the Home Builders Federation's annual Customer Satisfaction Survey for the past eight years. Hill is a registered developer with the New Homes Quality Board (NHQB) and follows the New Homes Quality Code (NHQC), a new industry standard to ensure high-quality homes and an exceptional customer experience. With a score of 4.8 out of 5, Hill is also ranked as the number one housebuilder on Trustpilot.

In addition, Hill is donating 200 fully equipped modular homes to local authorities and homeless charities as part of a £15 million pledge through its Foundation 200 programme, launched in 2019 to mark Hill's 20th anniversary.

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For more information, contact The Oracle Group PR Agency on Tel: 020 8394 2821 or hill@oraclepr.co.uk

*The Hill Group was listed within the top 10 of the Top 150 UK Contractors and Housebuilders published by Building.co.uk in December 2024