Global real estate investment manager Heitman has partnered with Finnish self-storage developer Talliosake Oy to establish Talli, a new Nordic drive-up self-storage platform. The transaction involves Heitman’s acquisition of a majority stake in Talliosake’s rental operating business, with Talliosake retaining a minority ownership interest.
The transaction was completed on behalf of Heitman’s European value strategy. The initial portfolio comprises 15 drive-up self-storage properties, including 11 in Finland and four in Sweden, alongside a pipeline of additional development opportunities. The transaction value was not disclosed.
The new platform will focus on developing and operating self-storage properties across Finland and Sweden. The investment builds on Heitman’s existing presence in the Nordic self-storage market following its acquisition of the Swedish Servistore platform in 2024.
Talliosake has operated in the Finnish and Swedish markets since 2010, developing more than 230 buildings comprising over 6,400 drive-up self-storage units. Its facilities provide storage, workshop, production and maintenance space for businesses and private customers.
While Talliosake has primarily focused on developing and selling individual storage units to investors and owner-occupiers, the new Talli platform will adopt a develop-to-hold model. Under this approach, properties will be developed and retained for long-term rental operations.
Talli will be led by Talliosake’s existing management team, with Mikko Lahtinen serving as CEO of Talli Nordics.
Heitman has extensive experience in the self-storage sector. Since 1996, the company has invested more than EUR 13 billion in 1,600 self-storage properties across 14 countries. Its previous investments include Shurgard, which has subsequently become Europe’s largest self-storage owner and operator.
Founded in 1966 and headquartered in Chicago, Heitman managed EUR 44 billion in assets. The company invests in real estate through private equity, debt and publicly traded real estate securities.