In Sweden, 30 deals were made, summing to € 0.5 billion (SEK 4.6 billion), according to Pangea Property Partners. The largest deal was Balder's acquisition of a hotel property (Courtyard by Marriot) in Stockholm for MSEK 670 from Invesco Real Estate.

The Norwegian transaction volume reached €0.6 billion (NOK 5.4bn). The largest deal was Storebrand Eiendomsfond's acquisition of Lysaker Polaris, a newly constructed office property in Oslo, from NCC for NOK 785M.

The only larger transaction in Finland was made by Sirius Capital Partners / Accord Group acquiring a grocery store portfolio for €25M.

In Denmark, the activity was decreasing, reaching €72M (DKK 0.5billion) in February. The largest deal was Building & Property Agency's acquisition of the "Halfnia building" in Copenhagen from SEB Pension for DKK 225M (€30M).

It was continuing deflation in Sweden in February (-0.2%) while Denmark (-0.1%) and Finland (-0.2%) reported deflation for the first time in recent time. Norway is still having stable inflation around 2.0%.