Netmarble will sell its Guro district headquarters building, G-Tower, for 697.7 billion won.
Netmarble disclosed on the 4th that it will dispose of the entire land and building of G-Tower, located in Guro-gu, Seoul, for 697,670,820,000 won. The scheduled disposal date is the 12th.
The buyer is GVESCO General Real Estate Investment Trust No. 4, a fund of Gvesco Asset Management, a subsidiary of GS Engineering & Construction. The counterparty to the transaction is NH Investment & Securities, the trustee of the said trust.
G-Tower, which opened in 2021, houses Netmarble and its affiliates, as well as the headquarters of Coway. It is a large building with 39 floors above ground and seven floors below ground.
Netmarble has been pursuing the sale to secure cash liquidity, sending a request for proposal to real estate transaction advisory firms in April last year to select a lead manager for the G-Tower sale.
Netmarble is currently building a new headquarters in the Knowledge Information Town area of Galhyeon-dong, Gwacheon, Gyeonggi Province, with occupancy scheduled for the second quarter of 2028. The new Gwacheon headquarters will be built on Block 9 of the Knowledge Information Town, with six floors below ground and 15 floors above ground, and a total floor area of 129,083 square meters. It is targeted for completion in 2027. The building will be equipped with cutting-edge research facilities for game development and infrastructure to support global services.
