Invesco Actual Property has dedicated to amass a 109-unit residential asset inside Cambridge’s Marleigh Park masterplan for £40 million.
There are two residential buildings nonetheless underneath development. The primary, totalling 32 models, is anticipated to finish by the top of 2025, whereas the second, 77-unit constructing is scheduled for handover in Q3 2026.
The transaction with housebuilder, The Hill Group, has been undertaken on behalf of one in all Invesco Actual Property’s German separate account mandates.
Andy Hill OBE, founder and group chief govt of The Hill Group, mentioned: “It’s incredible to be partnering with Invesco and Savills to carry build-to-rent properties to Marleigh Park.
“The event has already confirmed massively standard in Cambridge, and I’m assured these new residences will present one other nice housing choice for these seeking to be a part of this thriving neighborhood.”
Located on the jap fringe of Cambridge, Marleigh Park is likely one of the area’s most bold city developments.
As soon as full, it’s anticipated to ship 1,391 new properties alongside neighborhood infrastructure and in depth inexperienced area, making a high-quality, self-contained neighbourhood.
Residents could have entry to a broad vary of facilities, together with an already flourishing major college, sports activities taking part in fields, eating places, retail and neighborhood services.
The mission is being developed by The Hill Group, which has already accomplished 547 properties and a brand new neighborhood centre round Jubilee Sq. as a part of the primary part of Marleigh Park.
This newest deal marks the third build-to-rent (BTR) transaction for Hill.
Amelia Merrick, director investments UK & Nordics at Invesco Actual Property, mentioned: “Cambridge has change into one of many UK’s most in-demand and dynamic residential markets, underpinned by its world-class college ecosystem, thriving innovation financial system and powerful inhabitants progress.
“We’re delighted to accomplice with Hill on Marleigh Park—a growth that mixes placemaking, design high quality, and sustainability in a location with enduring demand, delivering a compelling alternative for our consumer.”
