Cushman & Wakefield Closes $460 Million Sale of G-Tower in Korea

Cushman & Wakefield (CWK) closed the approximately $460 million (KRW 700 billion) sale of G-Tower, a 1.8 million-square-foot prime office asset in Guro, Seoul.

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• Landmark deal closed through proprietary 'One-Channel Integrated Solution,' outpacing competitors
• Sale-and-leaseback structure expertly designed for large-scale asset monetization

NEW YORK--(BUSINESS WIRE)-- Cushman & Wakefield's Corporate Tailored Solution team (CTS team) in Korea has announced the successful closing of the sale of G-Tower, a landmark prime office asset located in Guro, Seoul - breaking through a tightened real estate financing market to deliver one of the most significant transactions of the year.

The deal, valued at approximately $460 million (KRW 700 billion), marks the largest office transaction by gross floor area in Korea's commercial real estate market in the first half of 2026, drawing widespread attention as a landmark deal in the constrained large-scale corporate headquarters sale and corporate real estate market.

The asset spans a total of 1.8 million square feet, and the successful close - at a price that fully reflected the asset's underlying value despite a high-interest-rate environment and heightened market uncertainty - makes this transaction particularly noteworthy. The CTS team meticulously structured a sale-and-leaseback arrangement, enabling the client to simultaneously unlock large-scale asset liquidity and preserve financial flexibility - precisely meeting the client's objectives.

While competitors in the commercial real estate transaction market have largely focused on fragmented sale advisory services, Cushman & Wakefield's CTS team took a differentiated approach centered on a 'One-Channel Integrated Solution' that breaks down internal silos to deliver a seamlessly coordinated response to complex corporate client needs. This is widely regarded as the defining factor behind the deal's success.

To bring this transaction to a successful close, the CTS team deployed specialists across every dimension of real estate - going well beyond a standard sale process to provide pre-sale asset positioning advisory, rigorous market due diligence, targeted investment marketing, institutional-grade market reporting, and sophisticated office lease structuring - delivering a fully integrated strategy from start to finish.

Dan Kim, Deputy Managing Director at Cushman & Wakefield in Korea commented: "A growing number of large corporations and technology companies are actively exploring headquarters sales and real estate portfolio rebalancing to improve liquidity and optimize asset efficiency. Building on our One-Channel capability to maximize the value of prime office assets - and going well beyond conventional brokerage - we will continue to maintain an unrivaled competitive position in the corporate real estate advisory market."

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for occupiers and investors with approximately 53,000 employees in over 350 offices and nearly 60 countries. In 2025, the firm reported revenue of $10.3 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260707187283/en/

Hena Park
Director, Business Development Services
South Korea
82 2 3708 8883
Hena.park@ap.cushwake.com

Source: Cushman & Wakefield

Key Terms

sale-and-leaseback financial

A sale-and-leaseback is when a company sells an asset it uses—often a building or equipment—to another party and immediately rents it back so it can keep using the asset. Think of selling your house to free up cash and then continuing to live there as a tenant; it provides liquidity now but creates a new ongoing rent expense. Investors watch these deals because they change a company's cash position, recurring costs and ownership of assets, which can affect cash flow, leverage and long-term profitability.