Cityvarasto as an investment
Cityvarasto is a Finnish self-storage, van rental and moving service company established in 1999. In addition to the parent company Cityvarasto Oyj, the Cityvarasto group consists of PakuOvelle.com Oy, which specialises in van rental, and moving service company Suomen Opiskelijamuutot Oy as the most significant subsidiaries providing ancillary services.
The Company's business consists of two business areas: the real estate business, which covers the self-storage and other facility rental as well as self-storage services, and the ancillary services, which cover the van rental and moving service businesses.
Cityvarasto group employed an average of 58 people and had a turnover of EUR 22.4 million in the financial year ended 31 December 2024.
Why Cityvarasto?
Leading player in its field in Finland
As at 30 June 2025, Cityvarasto had 72 self-storage facilities with more than 13,000 self-storage units available for rent. 61,000 square metres was rentable as self-storage space (including approximately 4,000 square metres of rentable storage containers).
Market with strong growth drivers
According to the Company's management smaller housing and storage spaces, and the abundance of goods, ageing population, urbanisation and increased immigration create growing demand for self-storage, van rental and moving services.
A proven business model
According to the Company's management, the functioning of Cityvarasto's business model is also demonstrated by the fact that Cityvarasto's net sales compound annual growth rate (CAGR) was approximately 20 percent between 2015 and 2024.
Large growth potential
The Company aims to maintain profitable growth by increasing the occupancy rate as well as rental rate of its existing properties, further converting the bulk space in the existing properties into self-storage use, acquiring properties suitable for its business and acquiring other self-storage operators as well as developing its operations comprehensively.
Sustainable development focused conversion model
In accordance with the conversion model, by acquiring properties that are in the final stages of their lifecycle for their previous intended use and converting them cost-effectively into self-storage use, the Company's management believes that it is possible to re-use properties that are often no longer in active use, and turn them into functional property complexes.
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