Principal secures €117m in London residential acquisitions

Principal Asset Management has invested over £100 mln (€117 mln) in two separate multi-family residential properties in southwest London, on behalf of a separate account customer.

Clapham Park

The first acquisition is for 130 units within two eight-story buildings in the King George's Gate development by Taylor Wimpey in Earlsfield, which is expected to be completed in 2027. The units will feature roof terraces and a concierge service. 
The second acquisition is a 66-unit building in the Clapham Park regeneration project, which was completed in November 2025. This building is part of the extensive Clapham Park regeneration project, a collaboration between Countryside Partnerships (Vistry) and Metropolitan Thames Valley Housing (MTVH), which will ultimately deliver 2,500 homes. Principal will be using Pinnacle Investments & Pinnacle Group (Hyde Group) to manage these units.
Both developments are located in established neighbourhoods with strong long-term rental fundamentals. Additionally, the locations offer excellent transport links and local amenities, with the Earlsfield property situated on the River Wandle and the Clapham property near Abbeville Village.
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 received advice from Newmark for the Earlsfield purchase and from Harris Associates for the Clapham Park purchase. DAC Beachcroft provided legal counsel for both deals, while Greenberg Traurig handled tax and structuring advice, Arcadis offered technical advice, and Pinnacle Investments served as commercial adviser.
For the Earlsfield acquisition, Taylor Wimpey was advised by Savills and Osborne Clarke. On the Clapham Park deal, the joint venture between Countryside Partnerships and MTVH received advice from Mayfair Private Office and Trowers & Hamlins.