About NGM Investments

NGM Investments is a group of real estate companies which have been investing in European real estate for the past 15 years.

NGM was established in 2011 by Oded Horesh. Initially backed by a group of private investors NGM started investing in a mixed-use portfolio in Germany which consisted of commercial high yield properties and a heritage residential development asset.

Over the years NGM has expanded its investment activities to encompass Poland and the UK whilst keeping its value creation and maximisation business model. This relies on NGM and its team picking quality cash generating properties with upside rental potential and/or redevelopment prospects. Through intensive property management including local management staff in charge of operational and repositioning activities NGM improves its portfolio results, creating secure and strong cash flow and impressive added value. NGM has also managed to successfully exit a few of its properties in Germany and Poland.

NGM has a healthy capital structure with a strong and conservative financial profile. NGM seeks attractive acquisitions below market and below replacement costs and is focused on quality assets located in large EU cities primarily in Germany, Poland and the UK. Once acquiring properties that match the business model NGM strives to add value by asset repositioning, increasing cash flow and prolonging the properties' lease agreements hence their WALTs. Where there is significant potential for redevelopment NGM evaluates various building permissions and pursues the most suitable change of use.

We are a professional investment real estate group with core areas of in-house expertise across four main pillars: architecture, international tax planning and accountancy, law and real estate analysis allowing for joined up and agile decisions.

Time Line Achievements

2011

2012

2014

2015

2016

2017

2019

2020

2021

2022

2025

2011

  • NGM commenced its activities by raising debt from German financial institutions and equity from private investors which were invested in a heritage redevelopment project in Westend Palais, located in Frankfurt am Main

2012

  • NGM purchased a newly constructed 8,800 sqm retail park center located 45 km south of Frankfurt Am Main in Germany. The retail park was rented to a diverse mix of tenants with two strong anchor tenants

2014

  • NGM finalises the redevelopment process of the Westend Palais project and sells 6 of its apartments providing substantial capital gains

2015

  • NGM Acquires a shopping center in Berlin, Germany which has Penny Market as an anchor tenant and a relatively long WALT of more than 8 years for a price that was lower than the property's replacement costs

2016

  • NGM finalises the Westend Palais project selling its final unit. The project gained a pre-tax return on equity of 84% which translated into a 15.8% IRR

2017

  • NGM enters the Polish market acquiring a bulk of apartments in Kraków in the prestigious Novum project for a heavily discounted price

  • NGM exits its Berlin shopping center after 18 months' holding period providing to its investors a pre-tax return on equity of 48% which translates to a 30% IRR

2019

  • NGM expands its Polish portfolio acquiring two further bulk portfolios in Kraków in two centrally located multi-family projects in Vermelo by international developer Mota-Engil and Steam Park by Bryksy, an established local developer

2020

  • NGM sells a selection of its Steam Park apartments yielding its investors a pre-tax return on equity of 30% in less than a year

  • NGM signs a new 10 year lease agreement and prolongs several other contracts in its German shopping center while managing to refinance the project with MHBank over the duration of the lease enhancing the property's cash flow by borrowing at a much lower margin than the original loan

2021

  • NGM enters the UK market by acquiring a commercial property in Reading, UK. The property enjoys a strong cash flow with a long-term FR&I rental contract with a AAA tenant. The building also benefits from redevelopment potential

2022

  • NGM enters into its second UK city with the acquisition of a substantial c.64,000 Sq Ft building in the centre of Liverpool

  • The historical building will undergo a new planning permission with a view to maximising the potential of the investment

2025

  • NGM Investments strengthens its position in Liverpool by acquiring the freehold title to the historic George Henry Lee building

  • The purchase of the remaining 4 floors currently occupied by TK Maxx on a long-term lease provides secure cash flow and a strong covenant