Heitman has acquired a majority stake in the third-largest self-storage operator in Sweden, Servistore.
The business has 31 sites (25 operational and six due to open) across 14 cities. It encompasses more than 4,000 units, spanning a total of 330,000 square feet of storage space.
The transaction, made on behalf of Heitman’s European value strategy, allows the firm to continue investing in the rising global demand for self-storage. It follows the firm’s previous self-storage platform acquisitions across Europe, including in Ireland in 2022, Germany in 2021 and the United Kingdom in 2020. Heitman has been investing in self-storage globally since 1996 and currently manages more than 600 self-storage assets, representing $7.8 billion.
“Heitman has a history of investing in self-storage assets globally for nearly three decades. The relationships and expertise cultivated over that time drives our ability to identify and acquire off-market opportunities in Europe
