GLP Kawajima, a property being acquired by GLP J-REIT. (Photo: GLP J-REIT)

GLP J-REIT has disposed of its asset in Kobe, GLP Seishin, for JPY1.93 billion (USD18.5 million).

The property was sold as part of an opportunistic divestment, given current demand for spaces such as those let out at the asset.

GLP J-REIT is a Japan listed logistics REIT with a portfolio of 78 properties across the country.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.