Preliminary results of AC magnetic susceptibility, DC electrical resistivity and thermopower measurements on the new ternary compound Gd2Mn3Ge5 in the temperature range 15-300 K are reported. It is a ferromagnet at room temperature and the onset of ferromagnetism is observed around 236 K whereas reentrant ferromagnetism occurs near 88 K. The successive magnetic transitions are attributed to the layered structure of the compound. © 2000 Elsevier Science B.V. All rights reserved.