CTS EVENTIM launches the second construction phase of its new Arena for Milan

CTS EVENTIM, a leading international provider of ticketing services and live entertainment, has started the second construction phase of what will become Italy’s biggest and most modern multifunctional indoor arena.

The Arena, in Milan’s Santa Giulia area, will open up new opportunities for entertainment and sports events, and provide an unprecedented level of service for artists, promoters and fans alike – all in an innovative and sustainable venue.

As the developer and future operator of the Arena, CTS EVENTIM has appointed the Italian construction consortium ETERIA as general contractor. The consortium comprises two of Italy’s major industrial groups, Itinera (ASTM Group) and Vianini Lavori (Caltagirone Group). The partners have years of experience in realising large-scale projects, and their efficiency, skill and reliability will bring the highest degree of certainty to EVENTIM’s Arena project.

CTS EVENTIM previously demonstrated its abilities when, in collaboration with subsoil engineering company Trevi, it completed the first construction phase (the pile foundation) in only three months, wrapping it up on time within the schedule.

With ETERIA now on board, the project moves seamlessly into the second phase and construction continues without delay.

ALSD International 2023 will take place at Etihad Stadium on October 9th and 10th. Optimising revenue through New Builds, Renovations & Service Expansions is the key focus, with architecture & design, fan experience, hospitality, premium sales & service, sustainability and technology taking centre stage.

Klaus-Peter Schulenberg, CEO of CTS EVENTIM, says:

We are proud to be able to collaborate with highly qualified partners with whom we share the goal of creating a new iconic landmark for Milan and an innovative, multipurpose space that will become a focal point for sports and live entertainment not only for Milan but for all of Italy.

The Arena, which was designed by architect David Chipperfield in collaboration with the international engineering firm Arup, will have a capacity of 16,000 and will be framed by a plaza offering more than 10,000 square meters of space for summer festivals and outdoor events.

About CTS EVENTIM

CTS EVENTIM is one of the leading international providers of ticketing services and live entertainment with more than 250 million tickets marketed per year using the Company’s systems – via physical box offices, online, or from mobile devices.

The promoter network EVENTIM LIVE is recognized as the third largest promoter in the world according to Pollstar’s global promoter ranking 2022. Its concert, tour,and festival promoter companies sold more than 20 million tickets in 2022 for events including Rock am Ring, Rock im Park, Hurricane, Southside and Lucca Summer.

In addition, CTS EVENTIM operates some of Europe’s most renowned venues: the LANXESS Arena in Cologne, the K.B. Hallen in Copenhagen, the Waldbühne in Berlin and the EVENTIM Apollo in London.

CTS Eventim AG & Co. KGaA (ISIN DE 0005470306) has been listed on the stock exchange since 2000 and is currently a member of the MDAX segment.

ABOUT ETERIA

In June 2021, ETERIA was founded with the desire to pool the industrial experience and long-standing expertise of two of Italy’s leading industrial groups, the Caltagirone Group and the Gavio Group (ASTM), to contribute to the country’s infrastructural revitalisation through the construction of complex works.

In September 2021, ICOP, a company specialising in underground engineering and a national leader in micro-tunneling activities, joins the consortium, which shares values and business vision with ETERIA’s founding members, increasing the consortium’s references and enhancing its industrial capacity.

Currently, the membership is composed of Vianini Lavori of the Caltagirone Group (45.45 percent), Itinera (40.45 percent) and Sinelec (5 percent) of the ASTM Group and Icop (9.1 percent).

ETERIA looks to the future and the revitalisation of Italy, creating value and ensuring increasing competitiveness to serve the country by guaranteeing know-how, skills as well as a solid capital and financial capacity, to face the Italian market of public and private works.

Source & imagery, courtesy: CTS Eventim