Last Updated on: 10th October 2025, 05:36 pm
Veikkaus Arena Reopens After Landmark Real Estate Deal
Sanctions amendment enables Trevian to complete one of Finland’s most complex property transactions
Veikkaus Arena in Helsinki will reopen to the public on Saturday after more than three years of closure. The reopening follows the completion of a multi-stage real estate transaction led by Trevian Asset Management Oy, which acquired the arena through its investment company Trevian Kasvu LP Ky.
The deal required extensive planning and legal work due to EU sanctions on the venue’s previous owners. The project involved amendments to EU regulations in late 2024 and final regulatory approvals earlier this year, clearing the way for the acquisition to be finalised and the venue returned to public use.
“The reopening of Veikkaus Arena demonstrates that even the most challenging projects can be successfully executed with expertise and persistence,” said Reima Södervall, CEO of Trevian Asset Management Oy.
Trevian began the process three years ago with commercial advisor Tuomas Poskiparta and legal counsel from Krogerus Attorneys. Following regulatory clearance in February 2025, the arena was placed under new ownership and prepared to resume operations as Finland’s leading multipurpose venue.
Event operations will be run by VN Helsinki Oy, part of Live Nation Finland Oy, under a 20-year agreement covering daily management and commercial activities. Trevian has already carried out technical upgrades, inspections and system improvements, with further investments planned to strengthen the arena’s long-term operations, energy efficiency and visitor facilities.
“This project reflects the full lifecycle of a real estate investment — from identifying the right property and building a viable plan to securing users, investors and completing the transaction,” Södervall said.
Trevian continues to pursue arena and other multipurpose real estate projects across Finland, focusing on developments that aim to support both economic growth and local communities.
