[Meca Ranking] Netmarble is officially calling time on its Guro era. Having stood as a local landmark for quite some time, the firm has confirmed the sale of its G-Tower office, signalling a shift to a new nest as it looks to sharpen its operational efficiency.

It’s a massive deal. On the 4th, Netmarble announced it would be offloading the entire G-Tower building and its land in Guro-gu, Seoul, for roughly 697,700,000,000 won. The buyer? A fund managed by GIBESCO Asset Management—a subsidiary of GS E&C—specifically the GIBESCO General Real Estate Investment Trust No. 4. The transaction, involving NH Investment & Securities as the trust manager, is set to be wrapped up by the 12th.

To give you an idea of the scale, G-Tower is a behemoth of an office building, spanning a gross floor area of about 170,000㎡, with 7 basement levels and 39 floors above ground. It currently houses Netmarble, Coway, and several other affiliates. Don't expect them to pack up their desks just yet, though; the company plans to stay put under a lease-back arrangement until they relocate to their upcoming headquarters in Gwacheon.

As for the new digs in Gwacheon, it’s a slightly more modest build, covering about 130,000㎡ with 6 basement levels and 15 floors above ground. Construction is currently underway with a completion target of 2027, and the team expects to move in by the second quarter of 2028.

A spokesperson for Netmarble put it plainly: 'This disposal is a strategic move to reorganise our asset portfolio and bolster our financial health.' Best of luck with the move.