With this acquisition, CDL will own a total of 4,771 operational and pipeline units in the UK, Japan, Australia and the US.
City Developments is spending £88 million ($148.6 million) to expand its so-called private rented sector (PRS) portfolio in the UK, with the acquisition of Yardhouse.
The 250-year leasehold site will be developed into a 17-storey apartment block with 209 co-living studio units with a total gross floor area of 102,600 sq ft.
