Featured Image: Trevian Asset Management
Live Nation has agreed a 20-year deal to become the operator and events manager of Helsinki Halli, with plans in place to put Finland’s largest arena back on the international touring and sports events map.
The 15,900-capacity Helsinki Halli first opened in 1997, but has been closed since 2020, apart from a brief reopening in 2021, leaving the Finnish touring market without its premier live entertainment space.
Helsinki Halli has been closed due to sanctions imposed on the previous owners of the arena. The venue was owned by Arena Events Oy, a company belonging to Russians Gennady Timchenko and Roman Rotenberg, who were placed on the international sanctions list following Russia’s invasion of Ukraine in 2022.
The path for the venue’s return to operations was set earlier this month as Trevian Kasvu, a Finnish real estate investment company managed by Trevian Asset Management, completed its acquisition of the arena.
Trevian Kasvu has now signed a 20-year lease and cooperation agreement with VN Helsinki Oy, the venue management company of Live Nation Finland. Trevian Kasvu will continue as the owner of the arena and will be responsible for its development and initial investment phase.
Read the full story on our sister site, TheStadiumBusiness.com.
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