Heitman LLC (“Heitman”), a global real estate investment management firm, today announced the launch of Talli, a new Nordic drive-up self-storage platform established through the acquisition of the majority of Talliosake Oy’s (“Talliosake”) rental operating business. Talliosake will remain a minority investor in Talli. Completed on behalf of Heitman’s European value strategy, the transaction establishes a platform for expansion across Finland and Sweden and builds on Heitman’s Nordic self-storage presence following its acquisition of the Servistore platform in Sweden in 2024.
The Talli platform brings together the experienced management team that has driven Talliosake’s growth 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, building deep expertise in land acquisition, planning, development, leasing, and asset management. Together, Heitman and Talliosake will pursue the expansion of modern drive-up self-storage facilities across both markets.
“Finland and Sweden are both fragmented, undersupplied markets, with strong demand for drive-up self-storage from both business and residential customers,” said Caleb Mercer, Managing Director of Private Equity Europe. “Heitman has deep experience in the self-storage sector, including supporting the growth and eventual IPO of Shurgard, now Europe’s largest self-storage owner and operator. These favourable market dynamics present an opportunity to build a leading Nordic drive-up self-storage platform, and we are excited to partner with the experienced team from Talliosake.”
The Talli platform will be led by Talliosake’s current management team supported by Heitman. While Talliosake’s business has primarily focused on developing and selling individual drive-up self-storage units, Talli will pursue a develop-to-hold strategy, creating and operating income-producing drive-up self-storage properties for long-term ownership of Talli. Heitman and the management team believe this approach will enable the platform to build greater scale, enhance customer experience, and create a leading institutional-quality self-storage portfolio across Finland and Sweden.
“We have spent over 15 years developing our drive-up self-storage concept,” says Mikko Lahtinen, CEO of Talli Nordics. “We have an experienced and skilled team, with a strong understanding of the market. As we take the next step and significantly accelerate our growth, our goal is to create several new drive-up self-storage units across Finland and Sweden for entrepreneurs, businesses, and consumers. This partnership with Heitman provides our team with the resources and long-term foundation to build Talli into a leading Nordic drive-up self-storage platform.”
The initial portfolio comprises 15 drive-up self-storage properties, including 11 in Finland and 4 in Sweden, alongside a pipeline of additional growth opportunities. Heitman and Talliosake plan to grow the portfolio through a range of physical and operational enhancements.
