Cushman & Wakefield Completes $460M Sale-Leaseback of 1.8M Sq Ft Seoul Office Tower
CWK•Cushman & Wakefield's Korea team closed a $460 million sale of G-Tower, a 1.8 million square foot prime office in Guro, Seoul, representing the largest office transaction by area in Korea's first-half 2026 market. The sale-leaseback structure unlocked KRW 700 billion asset liquidity while preserving the occupant's operational flexibility.
1. Deal Overview
In July 2026, the Korea Corporate Tailored Solutions team closed the $460 million sale of G-Tower, a 1.8 million square foot office complex in Guro, Seoul. The transaction marks the largest office deal by gross floor area in South Korea's commercial real estate market during the first half of the year.
2. Sale-Leaseback Structure
The deal employed a sale-leaseback arrangement, enabling the seller to monetize KRW 700 billion in assets while continuing to occupy the property under a long-term lease. This approach provided substantial liquidity and preserved operational control for the corporate occupant in a high-interest-rate environment.
3. Integrated Advisory Advantage
Cushman & Wakefield's One-Channel Integrated Solution team delivered end-to-end services, including asset positioning, market due diligence, investment marketing and lease structuring. This seamless integration differentiated the firm from competitors focused solely on advisory services and underscored its leadership in large-scale corporate real estate transactions.
