Trevian makes the impossible real estate transaction possible - Veikkaus Arena reopens to the public

HELSINKI, Oct. 8, 2025 /PRNewswire/ -- After more than three years of closure, Veikkaus Arena, formerly known as Helsinki Arena, will reopen its doors tomorrow. The reopening marks the culmination of a complex, multi-phase real estate transaction that stands as one of the most significant achievements in Finnish commercial property investment. The arena is owned by Trevian Kasvu LP Ky, a real estate investment company managed by Finland's Trevian Asset Management Oy.

The acquisition and reopening required years of careful planning, exceptional structuring, and even amendments to EU-level sanctions regulations, necessary because the arena's previous owners were subject to sanctions.

-  The reopening of Veikkaus Arena demonstrates that even the most challenging projects can be successfully executed with expertise and persistence. We are proud to return this iconic venue to public use, says Reima Södervall, CEO of Trevian Asset Management Oy.

The project was initiated by Trevian three years ago under the guidance of commercial advisor, Tuomas Poskiparta, with legal advice provided by Krogerus Attorneys, who played a central role in navigating EU sanctions and securing regulatory approvals. Following an EU sanctions amendment in late 2024, and final regulatory approvals in February 2025, the transaction was completed, enabling the arena to resume operations as Finland's leading multipurpose venue, strengthened and responsibly managed.

Event operations at the arena will be handled by VN Helsinki Oy, part of the Live Nation Finland Oy group, which will manage the full event calendar, daily operations, and commercial activities. The agreement term is over 20 years, creating a stable financial foundation for the arena.

Trevian will continue to develop the arena and implement substantial long-term investments aimed at improving energy efficiency, operational performance, and the visitor experience. This year alone, investments have included ensuring the functionality of core systems after the prolonged closure and updating critical technical infrastructure as well as conducting necessary regulatory inspections. Significant further investments are planned to support the arena's long-term operations, sustainability, and event quality.

-  This project is an excellent example of the full lifecycle of a real estate investment. First, the right property and its potential are identified, a realistic yet ambitious plan is developed, a suitable user is secured, investors are engaged, the transaction is executed, and necessary improvement investments are made to bring the property into full use. Each step requires deep expertise, long-term commitment, and trust, the very elements that define Trevian, Södervall adds.

Trevian is actively pursuing multipurpose arena and other real estate projects across Finland, focusing on properties that deliver both economic and societal value while supporting local vitality.

-  The Helsinki Arena project demonstrates how Finnish real estate expertise and international structuring can combine to deliver outcomes that benefit society as a whole, Södervall concludes.

For additional information, please contact:
Reima Södervall
CEO
Trevian Asset Management Oy
+358 50 362 7400
[email protected] 

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SOURCE Trevian