There is no doubt that retail and hospitality are two of the hardest hit property market segments. Although there are differences in how the governments responded to the COVID-19 outbreak, with Denmark closing all non-essential stores, to Sweden allowing all stores to remain open, the decline in footfall and sales is unanimously present across the region. The Nordic countries being highly regarded as attractive tourist destinations, the effects of the contraction in the Travel & Tourism (T&T) industry figures are strongly felt.