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

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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...

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