Heitman takes majority stake in Talli, Nordic drive-up self-storage platform

Heitman, a global real estate investment manager, has partnered with Talliosake Oy to launch Talli, a Nordic drive-up self-storage operation. Heitman acquired a majority share of a rental-operating business from Talliosake, which remains a minority investor and will manage the platform, according to a press release.

Talli's initial portfolio includes 15 properties, 11 in Finland and four in Sweden. Talliosake, founded in 2010 and based in Vantaa, Finland, develops, builds and sells multi-purpose space for small businesses and residential customers, including drive-up self-storage units and workshops. It has developed more than 230 facilities with 6,400 units.

Caleb Mercer, managing director of private equity Europe at Heitman, said Finland and Sweden are fragmented, undersupplied markets with strong demand for drive-up self-storage. Mikko Lahtinen, CEO of Talli Nordics, said the partnership gives the team resources to grow Talli into a leading Nordic platform.