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UK: Principal Asset Management has acquired two build-to-rent (BTR) investments in south-west London for more than £100 million.
The acquisitions include part of Taylor Wimpey’s King George’s Gate development in Earlsfield, and a newly completed residential block at Clapham Park in Clapham, which is part of the 2,500-home Clapham Park regeneration being delivered by a joint venture between Countryside Partnerships and Metropolitan Thames Valley Housing (MTVH).
The Earlsfield involves the forward-funding of 130 residential units across two connected eight-storey buildings. In Clapham, Principal has acquired a 66-unit residential building, which reached practical completion in November 2025.
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.”
Highlights:
- Principal Asset Management has acquired two build-to-rent (BTR) investments in south-west London for more than £100 million
- The acquisitions include part of Taylor Wimpey’s King George’s Gate development in Earlsfield, and a newly completed residential block at Clapham Park in Clapham
- The schemes have a total of 196 units
