MILAN (CelebrityAccess) – Oak View Group (OVG) and Live Nation have partnered to build and run a new entertainment and sports facility, the Santa Giulia Arena, in Milan, Italy.
OVG has also signed a head of terms agreement with property companies Risanamento and Lendlease to construct and operate the new arena, which will be privately funded and located in the city’s new Santa Giulia neighborhood.
The project is OVG’s first venue development outside the US, and follows the launch of the company’s London-based overseas division, OVG International, back in March.
Commenting on the partnership, OVG co-founder and CEO Tim Leiweke, said: “We’re delighted to announce our first European partnership, bringing a state-of-the-art entertainment facility to Milan. The new arena will be an exciting addition for the city and an important part of hosting what would be an inspiring 2026 Winter Olympics.
“Oak View Group and Live Nation have years of experience working together and are the ideal partners to deliver and run the Santa Giulia Arena. We’re looking forward to working with Risanamento and Lendlease as part of their major regeneration project, and to announcing more European partnerships soon.”
The Santa Giulia Arena will compete with the 12,700-seat Mediolanum Forum in Assago, near Milan, which has served the city since 1990 and is one of two Italian members of the European Arena Association (EAA).
H/T IQ.
