Real Estate

GMG Real Estate

About us   |  What We Do   |   Strategies   |   Research and Media

About Us

GMG Real Estate is a privately owned, Pan-European property investment, asset and development management business, operating highly skilled teams in London, Lisbon and Geneva.

We have been delivering tailored real estate solutions for Private and Institutional Investors since inception in 2000, demonstrating superior investment performance within the UK, Portuguese, German & Swiss markets, across multiple sectors and strategies.

Philosophy

We put investors first and by co-investing with them, our interests are truly aligned throughout every step of the investment life cycle.  Partnership is at the core of our DNA, so that we succeed only when our Investors succeed.

Executive Team

Newman Leech
CEO, GMG Real Estate (Geneva)

Newman Leech co-founded Geneva Management Group in 2000 and is Group Managing Director and Chief Executive Officer of GMG’S Real Estate division. Newman manages GMG’s proprietary real estate transactions and serves a portfolio of high net worth clients. As CEO, Newman is closely involved in the full life cycle of every real estate project that the group embarks on.

Dave Elzas
Group Chief Executive Officer

After a rich career across several leading financial centres, Dave co-founded Geneva Management Group (GMG) in 2000. Dave has over twenty-five years of experience in deal structuring and wealth planning. Between 1994 and 2000 he served as the Executive Managing Director of an institutionally sized Family Office. He is involved in the construction or renovation of many buildings now occupied by major Swiss companies, through GMG’s Real Estate division.

Sean Gaskell
Director, GMG Real Estate (London)

Sean held the position of Chief Executive Officer of Sentinel International before joining the Geneva Management Group at the end of 2008. Sean has been actively involved in structured finance since 2005 and held a number of important directorships in structured finance vehicles covering CMBS, RMBS and Synthetic asset backed programs which supported banks in their off balance sheet funding programs.

Olivier Hezelot
Executive, GMG Real Estate (Geneva & Lisbon)

Olivier joined GMG in 2017 after 10 years at Westcore Properties, a US family office and real estate private equity investment company, where he managed real estate portfolios and acquisitions in Switzerland and Southern Europe. He plays a key role in our Real estate department and is based in both our Geneva and Lisbon office.

Simon Banks
Executive, GMG Real Estate (London)

Simon is a Senior Real Estate Executive with over 15 years of Development and Investment Management experience and a proven track record of delivering performance across a range of asset classes, predominantly within the office, residential and industrial sectors. He holds expertise in all aspects of strategic asset management and development, with an in depth knowledge of London, south-east and regional sub-markets and an established network of best in class agents and consultants.

Denielle Rickman
Legal, GMG Real Estate (London)

Deni qualified as a solicitor in 2003 and joined GMG in 2017 from Trowers & Hamlins LLP where she was a Senior Associate. She plays a key role as Legal Director covering both UK and European real estate portfolios . Her experience ranges from residential and commercial acquisitions and disposals to finance structuring and site development and she has established relationships with top London law firms who support the legal requirements of the real estate team.

What We Do

We have assembled teams of highly experienced professionals in the jurisdictions in which we operate, offering local expertise and complimentary skillsets, adding value and measuring risk at every stage of the Investment, Development and Asset Management journey.

Investment

  • Best in class deal origination.
  • Team based under-writing & strategy
  • Risk and return analysis
  • Legal due diligence through internal legal counsel
  • Structuring and financing

Development & Asset Management

  • Business planning
  • Project co-ordination & delivery
  • Class leading governance & reporting process
  • Market aware and research focused
  • Extensive network of best in class professional consultants
  • Debt strategy & re-financing expert

Exit

  • Continuous strategic review
  • Market indicators
  • Risk & return profiling
  • Optimal exit timing

Strategies

The business syndicates its deals on a project by project basis with key funding partners, including Institutions, Family Offices and HNWIs. We always co-invest with our partners and clients.  

GMG Real Estate has a variety of investment strategies within different sub-markets and asset classes covering, Office, Residential, Hotel and industrial.

The asset management team originates, structures and project manages through the entirety of the development life cycle. This includes functions such as financial modelling, entry and exit strategies, debt, ongoing management and funding through the capital stack. These principles are applicable in both syndicated transactions and within its segregated real estate portfolio management mandates for family offices.

UK

  • Two core strategies include a hotel and hotel/apartment strategy in the Camden area, to take advantage of that sub-market’s unique characteristics and extract value in line with the growth of the sub-market and the developments taking place in the area
  • Office on the Victoria & St James sub-markets who currently have very low vacancy rates

Portugal

  • A focus on the residential market in the three prime sub-markets of Lisbon, namely, Lisbon Central, Expo and Marvila
  • Take advantage on the structural changes in the Portuguese property market in relation to the rest of western Europe as well as the supply and demand dynamics, with large supply side constraints in the mid-market residential space
  • Demand for residential is strong for domestic buyers while still being attractive for international buyers for golden visa and lifestyle purchases

In real terms

  • Syndicated property opportunities as a co-investor
  • Segregated Mandate Service supporting Family Offices, Institutions and Asset allocators
  • An advisory and ‘deep dive’ service on existing Real Estate portfolios

Research

Publications

Geneva Management Group

Q1 2020 Market Comment
Isn’t it amazing how quickly situations can change? Despite all the efforts made toward reviewing and assessing current and potential risk in the financial market framework, experience has taught us that there will always be unidentified risk and this first quarter of 2020 has been a monumental reminder of this indelible truth.
  Download Report

Geneva Management Group

Q4 2019 Market Comment
Financial markets were able to start breathing a sigh of relief in the last quarter of 2019, with political tensions seeming to lighten, there was a renewed sense of hope that they would be able to free themselves from the continuous drag on business sentiment and investment created by geopolitics.
  Download Report

Geneva Management Group

Q3 2019 Market Comment For many years geopolitical events have been the synonym of short-term volatility and buying opportunities as they tended to have only temporary impact on markets. The Arab spring in 2010, the earthquake and tsunami in Japan causing the Fuskushima nuclear crisis in 2011, the Russian military intervention in Ukraine in 2014 or the North Korean rogue nuclear program in 2017-2018 to name but a few, all had relatively short-lived impact on financial markets.   Download Report

Geneva Management Group

Q2 2019 Market Comment We are living with an abundance of liquidity without precedent and we are getting so used to it that most investors have started seeing it as the new normal. Nevertheless we reached a new record of $12.5 trillion of negative-yielding bonds, a level which defies any sound capital market reasoning.   Download Report