Principal Asset Management has acquired two multi-family residential investments in South West London for a price reported as more than £100 million, further strengthening its UK residential investment platform.

The transaction comprises two income-producing, build-to-rent style residential assets, reflecting a significant nine-figure commitment to the South West London rental market. The assets form part of Principal Asset Management’s broader strategy to grow its exposure to professionally managed multi-family housing across the UK.

Located in South West London, the properties benefit from strong underlying rental demand, attractive demographics and excellent connectivity to central London. The schemes are purpose-built, institutionally managed rental blocks, designed to meet the needs of long-term renters and deliver stable, recurring income.

The acquisition aligns with Principal Asset Management’s conviction in the UK multi-family sector, which continues to be supported by a chronic undersupply of rental housing and sustained demand in well-connected urban submarkets. South West London’s established transport links and resilient occupier fundamentals underpin the long-term investment case, offering the potential for high occupancy levels and steady rental growth.

This latest investment reinforces Principal Asset Management’s focus on resilient living sectors and its commitment to deploying capital into assets that can deliver secure income and long-term value for investors.