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Glenbrook, Barings form JV for £57M Manchester, UK, project

Glenbrook Property Ltd. entered into a joint venture with Barings Real Estate to purchase and develop a £57 million build-to-rent project near the Cornbrook Metrolink Station in Manchester, U.K.

Upon completion, expected in October 2020, the property will comprise 280 apartments across two 14-story buildings. The project will also include a convenience store, residents' lounge, and a gym and yoga studio.

Work on the project started in August, according to a release.