Key Takeaways
- • Heitman LLC, a global real estate investment manager with $49.1 billion in AUM as of September 30, 2026, launched Talli, a Nordic drive-up self-storage platform, by acquiring the majority of Talliosake Oy's rental operating business for its European value strategy.
- • Talli starts with 15 drive-up self-storage properties (11 in Finland, 4 in Sweden) plus a pipeline of additional growth opportunities.
- • Talliosake remains a minority investor in Talli, and its management team will continue to lead the platform with Heitman's backing.
- • Talli will shift Talliosake's model from developing and selling individual units to a develop-to-hold strategy aimed at long-term ownership of income-producing properties.
- • The deal builds on Heitman's Nordic self-storage presence following its 2024 acquisition of the Servistore platform in Sweden.
Summary
Heitman LLC, a global real estate investment management firm, announced the launch of Talli, a new Nordic drive-up self-storage platform established through the acquisition of the majority of Talliosake Oy's rental operating business, according to a Business Wire release datelined London. The transaction was completed on behalf of Heitman's European value strategy. Talliosake will remain a minority investor in the platform.
The platform is designed to expand across Finland and Sweden. It builds on Heitman's existing Nordic self-storage presence, which includes its acquisition of the Servistore platform in Sweden in 2024. Heitman states it has invested over $15 billion in 1,600 self-storage properties across 14 countries since 1996.
Talliosake, which introduced its concept in 2010, has delivered more than 6,400 drive-up self-storage units across 230 properties in Finland and Sweden, according to the release. Its expertise spans land acquisition, planning, development, leasing, and asset management. Talli will be led by Talliosake's current management team, supported by Heitman. CEO Mikko Lahtinen said the partnership provides the team with resources and a long-term foundation to build Talli into a leading Nordic drive-up self-storage platform.
Talliosake's historical business has centered on developing and selling individual units. Talli will instead pursue a develop-to-hold strategy, creating and operating income-producing properties for long-term ownership. Heitman and management believe this will support greater scale, improved customer experience, and an institutional-quality portfolio across Finland and Sweden.
Caleb Mercer, Managing Director of Private Equity Europe at Heitman, described Finland and Sweden as fragmented, undersupplied markets with strong demand from business and residential customers. He noted Heitman's experience in self-storage, including its support for the growth and eventual IPO of Shurgard, now Europe's largest self-storage owner and operator. The initial portfolio comprises 15 properties, with Heitman and Talliosake planning further growth through physical and operational enhancements. Heitman, with 11 offices worldwide and European headquarters in London, makes real estate investments through private equity, debt, and publicly traded real estate securities.
The platform is designed to expand across Finland and Sweden. It builds on Heitman's existing Nordic self-storage presence, which includes its acquisition of the Servistore platform in Sweden in 2024. Heitman states it has invested over $15 billion in 1,600 self-storage properties across 14 countries since 1996.
Talliosake, which introduced its concept in 2010, has delivered more than 6,400 drive-up self-storage units across 230 properties in Finland and Sweden, according to the release. Its expertise spans land acquisition, planning, development, leasing, and asset management. Talli will be led by Talliosake's current management team, supported by Heitman. CEO Mikko Lahtinen said the partnership provides the team with resources and a long-term foundation to build Talli into a leading Nordic drive-up self-storage platform.
Talliosake's historical business has centered on developing and selling individual units. Talli will instead pursue a develop-to-hold strategy, creating and operating income-producing properties for long-term ownership. Heitman and management believe this will support greater scale, improved customer experience, and an institutional-quality portfolio across Finland and Sweden.
Caleb Mercer, Managing Director of Private Equity Europe at Heitman, described Finland and Sweden as fragmented, undersupplied markets with strong demand from business and residential customers. He noted Heitman's experience in self-storage, including its support for the growth and eventual IPO of Shurgard, now Europe's largest self-storage owner and operator. The initial portfolio comprises 15 properties, with Heitman and Talliosake planning further growth through physical and operational enhancements. Heitman, with 11 offices worldwide and European headquarters in London, makes real estate investments through private equity, debt, and publicly traded real estate securities.
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