Key Takeaways
- • Heitman LLC launched Talli, a Nordic self-storage platform with drive-up access, by acquiring a majority stake in the operating leasing business of Talliosake Oy, with Talliosake remaining a minority investor.
- • The initial portfolio comprises 15 self-storage properties, 11 in Finland and 4 in Sweden, with further growth opportunities planned.
- • Talli will pursue a property-ownership strategy aimed at long-term income-producing assets, a shift from Talliosake's historical focus on developing and selling individual storage units.
- • The transaction was completed for Heitman's European value strategy and builds on its 2024 acquisition of the Servistore platform in Sweden.
- • Heitman has invested over $15 billion across 1,600 self-storage properties in 14 countries since 1996, and manages more than $49.1 billion in assets as of September 30, 2026.
Summary
London-based announcement via Business Wire: Heitman LLC, a global real estate investment management firm, has launched Talli, a new Scandinavian self-storage platform with drive-up access. The platform was created through the acquisition of a majority stake in the operating leasing business of Talliosake Oy, which will remain a minority shareholder in Talli. The transaction was completed on behalf of Heitman's European value strategy and is intended to support expansion in Finland and Sweden, extending Heitman's Scandinavian self-storage presence following its 2024 acquisition of the Servistore platform in Sweden.
Talli combines the experienced management team that drove Talliosake's growth with Heitman's global operating and investment resources. Since 2010, Talliosake has delivered more than 6,400 self-storage units across 230 properties in Finland and Sweden. The company is led by its existing executive team, supported by Heitman. Caleb Mercer, CEO of Private Equity Europe at Heitman, said the two Nordic markets are fragmented, with insufficient supply and strong demand from both business and residential customers. He cited Heitman's experience in self-storage, including its support for Shurgard, currently Europe's largest self-storage owner and operator, through growth and a possible IPO.
While Talliosake has focused mainly on developing and selling individual storage units, Talli will follow a development strategy oriented toward property ownership, creating and operating income-producing facilities for long-term ownership. Heitman and management believe this will allow the platform to expand, improve the customer experience and build a substantial portfolio of institutional-quality self-storage assets in Finland and Sweden. Mikko Lahtinen, CEO of Talli Nordics, said the company has spent more than 15 years developing its drive-up self-storage concept and that the partnership provides the resources and long-term base needed for the next phase of growth.
The initial portfolio consists of 15 properties, 11 in Finland and four in Sweden, with additional growth opportunities planned. Heitman and Talliosake expect to grow the portfolio through a range of physical and operational improvements. Heitman, headquartered in Chicago and founded in 1966, operates through private equity funds, lending and listed real estate securities.
Talli combines the experienced management team that drove Talliosake's growth with Heitman's global operating and investment resources. Since 2010, Talliosake has delivered more than 6,400 self-storage units across 230 properties in Finland and Sweden. The company is led by its existing executive team, supported by Heitman. Caleb Mercer, CEO of Private Equity Europe at Heitman, said the two Nordic markets are fragmented, with insufficient supply and strong demand from both business and residential customers. He cited Heitman's experience in self-storage, including its support for Shurgard, currently Europe's largest self-storage owner and operator, through growth and a possible IPO.
While Talliosake has focused mainly on developing and selling individual storage units, Talli will follow a development strategy oriented toward property ownership, creating and operating income-producing facilities for long-term ownership. Heitman and management believe this will allow the platform to expand, improve the customer experience and build a substantial portfolio of institutional-quality self-storage assets in Finland and Sweden. Mikko Lahtinen, CEO of Talli Nordics, said the company has spent more than 15 years developing its drive-up self-storage concept and that the partnership provides the resources and long-term base needed for the next phase of growth.
The initial portfolio consists of 15 properties, 11 in Finland and four in Sweden, with additional growth opportunities planned. Heitman and Talliosake expect to grow the portfolio through a range of physical and operational improvements. Heitman, headquartered in Chicago and founded in 1966, operates through private equity funds, lending and listed real estate securities.
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