The new event centre will incorporate the old Helsinki Ice Hall. Credit: Adam Vilimek via Shutterstock.

SRV, a Finnish construction company, has entered into an agreement with Projekti GH to develop the Garden Helsinki project, which encompasses a multipurpose arena and additional facilities in Töölö, Helsinki, Finland.

The parties plan to finalise the project’s implementation phase once the development phase is completed and all necessary prerequisites are met for construction to commence.

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Last November, Projekti GH, the developer of the Garden project, and the City of Helsinki signed a binding preliminary agreement for a real estate transaction expected to generate at least €25m ($26.28m) for the city.

The Garden Helsinki project aims to create a versatile event centre that will include the aforementioned arena, as well as a hotel, office spaces, a parking facility, and residential buildings.

The new event centre will incorporate the old Helsinki Ice Hall and will cater to cultural and sports events throughout the year.

In October last year, SRV and the City of Hyvinkää agreed on a collaboration to construct a multipurpose arena in Hangonsilta, Finland.

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SRV president and CEO Saku Sipola said: “We are delighted to work with Project GH Oy and the City of Helsinki to develop a new event hub in Töölö. We will bring our diverse experience in similar arena projects in Tampere and Turku.

“Nokia Arena, developed jointly by the City of Tampere and SRV, includes offices, [a] hotel and apartments and has generated a sense of vitality and substantial economic activity in the city.”

Projekti GH’s Risto Seppo said: “I am sure that SRV’s construction professionals and expert designers can work effectively with the strong Garden Helsinki team to develop the project into more than just an ambitious plan, and our work will lead to the implementation of the Garden Helsinki project.

“Construction companies are naturally interested in large projects like this one. However, SRV’s collaborative approach and experience in arena construction were important factors when selecting a developer partner.”