Live Nation has signed a 20-year long-term lease to operate the Helsinki Arena. The agreement is with Trevian Kasvu LP Ky, a real estate investment company managed by Trevian Asset Management Oy, which recently acquired the arena. Under the long-term lease and co-operation agreement, Live Nation Finland Oy’s venue management company, VN Helsinki Oy, will manage all event operations at the venue, while Trevian will remain responsible for the arena's development and initial investments.
The agreement between Trevian Kasvu LP and VN Helsinki transfers the arena's booking calendar management, daily operations, commercial activities and maintenance to VN Helsinki. Trevian will continue to lead the arena's development and investment plans. The 20-year long-term lease establishes a solid financial foundation for the arena’s development, enhancing its long-term value.
We are excited to announce Live Nation as the operator of this iconic venue. This agreement is a key part of Trevian’s strategy to enhance the property’s long-term value, and our collaboration with Live Nation is essential to realizing that vision for Helsinki Arena. We have also created comprehensive business and investment plans to ensure the arena’s sustainable value development, said Reima Sodervall, CEO of Trevian Asset Management.
“We are thrilled to reopen the arena and bring world-class entertainment back to Helsinki in partnership with Live Nation. Our vision is to blend the energy of Rock 'n' Roll with sustainability, transforming the arena into a premier venue and a model of energy efficiency through strategic investments,” said Kim Sars, Head of investment management at Trevian Asset Management.
Image Source - Cision.
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