Finnish company becomes owner of Helsinki Halli

Finnish real estate investment company Trevian Kasvu LP Ky has become the new owner of the Helsinki Halli, said the City of Helsinki in a press release on Monday.

The sale of the large sports and entertainment arena in Helsinki’s Ilmala district has been completed and ownership of the facility has passed to the company managed by Trevian.

The deal means that the City of Helsinki can refrain from taking its own measures to rectify the situation, such as beginning the process of expropriation.

"From the beginning, the City of Helsinki's main goal has been a voluntary deal, so we are very pleased that one has been achieved after two years of ongoing negotiations. Now we are finally in a situation where the Ilmala arena is owned by a Finnish company and the venue can once again be used for events," said Helsinki Mayor Juhana Vartiainen.

The arena in Ilmala has been closed since February 2022 due to sanctions imposed against the previous Russian-background owners, but now that the sale is complete, the venue can reopen.

In December 2024, grounds for exception were added to the EU Sanctions Regulation that allowed authorisation to be granted for selling the arena's shares.

National authorities granted permission to trade the shares in February 2025.