Principal Asset Management has acquired two multi-family residential investments in South West London for more than £100m.
The acquisitions, which were made on behalf of a separate account client, comprise part of the King George’s Gate development in Earlsfield and a newly completed residential block at Clapham Park in Clapham.
In Earlsfield, Principal has forward-funded the acquisition of 130 residential units across two connected eight-storey buildings forming part of the wider King George’s Gate masterplan being developed by Taylor Wimpey.
In Clapham, Principal has acquired a 66-unit residential building, which reached practical completion in November 2025. The building forms part of the 2,500-home Clapham Park regeneration being delivered by a joint venture between Countryside Partnerships (part of Vistry) and Metropolitan Thames Valley Housing (MTVH).
Chris Game, fund manager at Principal, said: “These acquisitions reflect our conviction in the UK residential market and our strategy which focuses on well located, high quality assets that offer durable income and downside protection. Both investments benefit from strong local fundamentals, excellent connectivity, and limited competing supply, making them well positioned to deliver a quality rental experience for tenants, and attractive long term outcomes for our client. The low amenity operating model is designed to keep costs competitive while meeting occupier requirements, supporting long-term rental growth and resilient income.”
Principal was advised by Newmark on the Earlsfield acquisition and Harris Associates on the Clapham Park acquisition. DAC Beachcroft acted as legal adviser on both transactions, with Greenberg Traurig providing tax and structuring advice, Arcadis acting as technical adviser and Pinnacle Investments as commercial adviser.
On the Earlsfield deal, Taylor Wimpey was advised by Savills with Osborne Clarke acting as legal adviser. On Clapham Park, the Countryside Partnerships and MTVH joint venture was advised by Mayfair Private Office with Trowers & Hamlins acting as legal adviser.
