The acquisition covers two self-contained residential buildings in Cambridge’s Marleigh Park masterplan.

The first includes 32 units and is expected to be completed by the end of 2025. The second, with 77 units, is scheduled for handover in the third quarter of 2026.

Once complete, Marleigh Park is expected to deliver 1,391 new homes along with a primary school, restaurants, sports playing fields, retail and community facilities.

All these homes are designed with air source heat pumps, photovoltaic panels, EV charging hubs, integrated kitchen appliances, low-carbon construction methods and underfloor heating.

The Hill Group, which was advised on the sale by Savills, has already completed 547 homes and a new community centre in the first phase of Marleigh Park.

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“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,” said Amelia Merrick, director investments (UK and Nordics) at Invesco Real Estate.

“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.”

Andy Hill, founder and group CEO at The Hill Group, added: “It’s fantastic to be partnering with Invesco and Savills to bring BTR 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.”