Spotlight on Defence: Arming for growth (part three)
This is part three of a four-part Spotlight series exploring how Europe’s rearmament and rising defence expenditure are reshaping real estate demand.
This paper focuses on the rapidly expanding defence R&D and innovation ecosystem, highlighting how increased government funding, growing private-sector investment and a thriving defence technology sector are expected to support demand for laboratories, R&D facilities, innovation campuses, business parks and modern office space. As defence and deep-tech ecosystems continue to scale, investors may benefit from a powerful new source of occupier demand across Europe’s leading research and technology hubs.
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AXA IM and BNPP AM are progressively merging
AXA IM and BNPP AM are progressively merging and streamlining our legal entities to create a unified structure
AXA Investment Managers joined BNP Paribas Group in July 2025. Following the merger of AXA Investment Managers Paris and BNP PARIBAS ASSET MANAGEMENT Europe and their respective holding companies on December 31, 2025, the combined company now operates under the BNP PARIBAS ASSET MANAGEMENT Europe name.