Latest White Papers – Page 13
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White papersMarket Outlook - Global equities: The great divide
US equity market returns are likely to continue diverging along the lines of technology and the rest of the market: the Nasdaq 100 index delivered a 50% return from the post-Liberation Day lows to the end of October while the Russell 1000 Value index rose by less than half that. That outperformance continues a long-running trend.
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White papersIndustrial Real Estate: Short‑Term Uncertainty, Long‑Term Confidence
Industrial fundamentals have cooled as the sector works through excess supply built up following the pandemic and absorption softens as occupiers normalize to long-term trends and/or remain wary of macro risks. While demand indicators remain broadly positive and we are beginning to see green shoots in certain submarkets and size segments, headline rents are declining in some key markets, including Southern California. These market dynamics are raising questions among investors, especially as industrial now represents the largest portion of diversified indices (the expanded NPI’s allocation is ~33% as of 2Q 2025).
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White papersModern Logistics In Europe: A Timely Opportunity For Institutional Capital
As the new European real estate cycle takes shape, we continue to see logistics as one of the more attractive investment propositions, underpinned by three pillars:
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White papersFrom alternative to essential: The expanding role of private market investing
The article argues that private-market real-estate investing is evolving from a niche alternative to a core pillar of diversified portfolios — driven by structural shifts, yield challenges in public markets, and growing investor demand for unlisted real-estate exposure.
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White papersInvestors reveal their top ESG investment themes and more
At a time of macroeconomic and geopolitical uncertainty, our fifth annual ESG Global Study finds that most investors remain committed to considering ESG issues in the investment process.
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White papersSecuring Compute, Scaling Demand: The Real AI Partnership Story
Strategic deals secure capacity and align multi‑year roadmaps as AI moves from pilots to daily workflows. More efficiency means more adoption, supporting sustained investment.
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White papersInnovation in the face of change
The real estate market has experienced significant changes in recent times, with many investors seeking innovative strategies to enhance their portfolios.
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White papersLogistics real estate in Europe on a growth trajectory
Demand for modern logistics properties in Europe remains high, and matters such as location quality, energy efficiency, automation and flexible use are continuously gaining in importance. Germany in particular plays a key role in this framework – as Europe’s largest logistics market and as a hub for international supply chains. Swiss Life Asset Managers, with a Europe-wide logistics strategy, is amongst those actively shaping this change.
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White papersThe investment landscape of data centers: opportunities and challenges
The digital age has ushered in a paradigm shift in how businesses operate and individuals engage with technology. Data centers play a central role in this transformation and have emerged as critical infrastructure for the modern economy. For investors, the story today revolves around a simple tension: accelerating demand versus constrained supply. Exploring the investment opportunities for data centers, the factors driving demand, the sector’s challenges, and the European market’s unique positioning reveals a complex yet promising landscape.
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White papersBack on the block: Real estate debt returning to favour
The commercial real estate (CRE) landscape has profoundly transformed since mid-2022, creating compelling investment opportunities for institutional investors. Rising interest rates and macroeconomic uncertainty have driven capital values down by approximately 20-25% across Europe and other developed markets, according to the CBRE Prime Capital Value Index. The current environment presents factors that make real estate debt particularly compelling: attractive entry valuations, conservative lending structures and meaningful portfolio diversification benefits.
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White papersU.S. power market in a period of unprecedented growth and transformation
Following nearly two decades of stagnation, power demand is now surging, with an average annual growth rate of over 1% between 2021 and 2024, and approximately 3% growth in 2024 alone. Current long-term growth expectations range from 2% to well above 3% per year; by some measures, the U.S. is expected to add the equivalent power demand of New York over the next five years.
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White papersThe demographic supercycle: why U.S. seniors housing is poised to redefine real asset investing
The next great real estate cycle is already taking shape, and it’s being driven not by offices, logistics, or data centers, but any age. Over the coming decades, America’s 80+ population will swell at a pace unseen in modern history, colliding with a severe shortage of purpose-built senior housing and care.
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White papersLifting the veil on headline CRE returns: A market ripe for alpha
It posits that headline CRE return metrics may mask underlying dispersion — creating opportunities for active investors to generate “alpha” by selectively targeting under-appreciated assets in a changing macro and financing environment.
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White papersData, power, and the next investment frontier
Cloud computing and artificial intelligence are driving an unprecedented surge in hyperscaler investment and reshaping the geography of global digital infrastructure
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White papersBuilding hospitality ecosystems for long-term value
Hospitality investment in southern Europe has evolved far beyond the traditional model of beds and beaches. Over the past five years, the market has matured, shaped by institutional capital flows, demographic shifts, and a reimagining of what leisure real estate can offer. At Arrow, we’ve built a substantial portfolio of hospitality businesses across the region. What we see is an increasingly sophisticated investment landscape, where scale, operational capability, and ecosystem control are the foundations of long-term value creation.
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White papersPolitical and Policy Volatility on the Rise
Recent elections in the U.S. and dynamics in Europe highlight rising political volatility and the potential for divergent policy shifts. Investors should prepare for further turbulence ahead.
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White papersCredit Markets Face the AI Wave
As tech giants tap credit markets to finance artificial intelligence, we consider the broader impacts of AI on fixed income.
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White papersThe Rise of Experiential Yield
Why the most resilient investments are those people feel
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White papersInfrastructure gains ground as investors seek steady private market returns
Rising tensions in globalisation and constraints to public and lending markets are enabling private capital to become a key driver of resilient, long-term infrastructure investment.
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White papersPioneering European Alternatives
Global black swan events, generally considered to be once-in-an-economic-cycle occurrences, have been disrupting investment markets with alarming frequency. In the past few years, we have experienced Brexit, the COVID-19 pandemic and geopolitical conflicts. Europe’s surge in inflation was significantly fueled by the economic shockwaves from the Ukraine crisis. The crisis significantly affected global energy and agricultural supply chains, driving up the cost of fuel, gas and essential commodities, which quickly fed through into consumer prices across the continent. In response to this inflationary shock, European central banks implemented a series of aggressive interest rate hikes, shifting from historically low rates to multi-year highs.
