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Digital Outlook 2026
The Digital Outlook 2026, from BNP Paribas Asset Management Alts, examines the macro forces shaping key asset classes. The conversations offer an intimate, accessible way to absorb the ideas shaping tomorrow’s investment landscape. You’ll find out where durable value still resides, how long-term conviction meets rapid change, and what investors should be preparing for.
Digital Outlook 2026
The Real Estate Outlook
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The Real Estate episode of the BNP Paribas AM Alts 2026 Outlook captures a market that’s finally finding its footing again: valuations have stabilised, deal activity is building, and investor sentiment is turning from cautious to constructive, with North American capital, for the first time in over a decade, taking a serious look at core European real estate.
The message is bullish but selective: opportunity is now broader than the old “beds and sheds” playbook, spanning residential, logistics, prime offices, retail and hospitality - yet performance is polarising sharply, with occupiers demanding top-tier quality, amenities and ESG credentials while obsolete stock falls behind.
Looking ahead, we hear about structural themes like chronic housing undersupply, infrastructure and defence spend, and an AI-driven data-centre wave (constrained by power and land in Europe) that could all add fresh demand, though risks remain.
We're joined by John O’Driscoll – Global Co-Head of Real Estate, BNP Paribas Asset Management Alts, and Justin Curlow – Global Head of Research & Strategy, BNP Paribas Asset Management Alts
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