Chicago-based Heitman has acquired a majority stake in Servistore, Sweden’s third–largest self–storage operator. The business has 31 sites in 14 cities spanning over 4,000 units and 330,000 square feet of storage space.

It move follows the firm’s previous self-storage platform acquisitions across Europe, including in Ireland in 2022, Germany in 2021 and the UK 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. A key differentiator of the Servistore business is the focus on technology to operate stores on an unmanned basis. Heitman intends to leverage this to scale in the Swedish market.

“The Swedish self-storage sector has among the best fundamentals in Europe, combining strong population growth with high urbanization rates and mobility of households,” said Caleb Mercer, Managing Director for Heitman’s European real estate investments and Portfolio Manager for the Heitman European value-add fund series.

Register Today to “Be in the Room” when Michael Brennan receives Connect CRE’s Lifetime Achievement Award and will participate in the Keynote Interview with Kevin Brennan, also of Brennan Investment Group. Join us at Connect Industrial Midwest 2025 on the afternoon of Wednesday, March 5, at Joe’s Live in Rosemont, IL, for this exclusive presentation!