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Live Nation today announced that it has taken on a 20-year long-term lease to operate Helsinki’s prized arena, Helsinki Halli, putting the arena back on the international touring map.

Helsinki Halli first opened in 1997 and is the largest arena in Finland, with a capacity of up to 15,900. The arena has been closed since 2020, apart from a brief reopening in 2021, leaving the Finnish touring market without its premier live entertainment space.

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When open, the arena generates more than €100 million for the Helsinki economy annually – an economic boost which has been missing from the capital.

Live Nation’s agreement to operate the venue follows its recent purchase by a consortium led by Finnish investor Heikki Viitikko and Trevian Asset Management Oy.

Tom Lynch, Live Nation President Venues EMEA said: ‘There has been a gap in the live music scene in Finland since Helsinki Halli closed, and we’re proud to play a part in bringing the arena back to life. We can’t wait to get artists back on its stage, and fans back through the doors again.’

Heikki Viitikko, main owner and Chairman of Helsinki Halli added: ‘We have more than one reason to be delighted today. Firstly, Finland’s premier venue is back to local ownership and soon ready to reopen. Secondly, in co-operation with Live Nation, the world’s leading live entertainment company, together we can take the first step on the road to reinventing this industry-leading arena.’

Helsinki Halli is due to open in Spring 2025, with announcements regarding the first acts to grace the stage coming soon. Discussions are also underway regarding the potential sporting uses of the arena, as the venue was previously home to the local ice hockey team.