GLP J-REIT is divesting its asset known as GLP Morioka for JPY749 million.

The asset is being divested to an undisclosed buyer at a premium to its book value of JPY671 million.

GLP Morioka was built in 1980 and acquired by GLP J-REIT in 2013 for JPY808 million.

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By Shariffa Al-Habshee

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