Heitman launches drive‑up self‑storage platform with acquisition

Heitman has launched Talli, a new Nordic drive‑up self‑storage platform, following its acquisition of the majority of Talliosake Oy’s rental operating business. 

Completed on behalf of Heitman’s European value strategy, the transaction establishes a vehicle for expansion across Finland and Sweden and builds on the firm’s presence in the region after acquiring the Servistore platform in Sweden in 2024. Talliosake will remain a minority investor in Talli.

The platform combines Talliosake’s experienced management team with Heitman’s global investment and operational capabilities. Since 2010, Talliosake has delivered more than 6,400 drive‑up self‑storage units across 230 properties in Finland and Sweden, developing expertise in land acquisition, planning, development, leasing and asset management. Heitman and Talliosake will pursue the expansion of modern drive‑up facilities across both markets.

Caleb Mercer, managing director of private equity Europe, said Finland and Sweden remain fragmented and undersupplied markets with strong demand from business and residential customers. He noted Heitman’s long track record in the sector, including supporting the growth and IPO of Shurgard, and said the partnership provides an opportunity to build a leading Nordic platform.

Talli will be led by Talliosake’s current management team, supported by Heitman. While Talliosake has historically focused on developing and selling individual units, Talli will adopt a develop‑to‑hold strategy, creating and operating income‑producing properties for long‑term ownership. Heitman and the management team believe this approach will support greater scale, enhance customer experience and create an institutional‑quality portfolio across Finland and Sweden.

Mikko Lahtinen, CEO of Talli Nordics, said the partnership provides the resources and long‑term foundation to accelerate growth. He said the team aims to deliver new drive‑up facilities across both countries for entrepreneurs, businesses and consumers.

The initial portfolio comprises 15 drive‑up self‑storage properties, including 11 in Finland and four in Sweden, alongside a pipeline of additional growth opportunities. Heitman and Talliosake plan to expand the portfolio through physical and operational enhancements.