City of Oulu Selects Raksila 2.0 Consortium
The City of Oulu has chosen the Raksila 2.0 business consortium, consisting of SRV and Trevian Asset Management, to spearhead the Oulu Experience Arena and Environment project. This initiative is designed to transform the Raksila district into a lively, community-centric area for both residents and visitors in Oulu, Northern Finland’s primary economic center.
Project Timeline
The project will commence with a two-year development and urban planning phase. Pending successful progression, construction of the arena is scheduled to commence in 2028, with an anticipated completion by 2030.
Selection Criteria
Key factors influencing the selection process, as per the City of Oulu, included the comprehensive project concept, the robust business plan, and the consortium’s extensive experience in arena developments.
Collaboration Details
The collaboration between Trevian and SRV amalgamates advanced real estate investment proficiency with top-tier Finnish arena construction capabilities. SRV has a notable track record with the Nokia Arena in Tampere, inaugurated in 2021, while Trevian secured the former Helsinki Arena, now known as Veikkaus Arena, in early 2025.
Reactions and Statements
Reima Södervall, the CEO of Trevian Asset Management, emphasized the significance of Oulu as Trevian’s secondary home, expressing eagerness in enhancing the city’s vivacity through this project. Similarly, Hannu Lokka, SRV’s Senior Vice President of Strategic Project Development, conveyed gratitude for the collaborative partnership and trust extended by the City of Oulu.
About Trevian Asset Management
Trevian Asset Management is a Finnish entity specializing in real estate investment and asset management across various sectors, including office spaces, retail outlets, residential properties, logistics facilities, infrastructure projects, and multipurpose arenas. Noteworthy is the company’s commitment to delivering full-service asset management and structured investment solutions catered to institutional real estate investors, financial institutions, and professional investors. Currently, Trevian manages assets worth 1.2 billion euros.
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