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VTB Arena Park wins European Property Awards

25 September 2013

VTB Arena Park wins European Property Awards.

VTB Arena Park, a project by VTB Bank and the Dynamo Managing Company, has won the prestigious European Property Awards in two categories: Best Mixed-Use Development and Best Public Services Development.

Established in 1995, the European Property Awards are the leading European award recognizing outstanding achievements in residential and commercial real estate. The European Property Awards are part of the International Property Awards, the world’s most prestigious property competition.

"We are pleased that the unique VTB Arena Park project was highly praised by the international real estate developer community," First Deputy President and Chairman of VTB Bank Management Board Vasily Titov said. "I’m confident that this project will make a significant contribution to the development of the modern urban environment in Moscow and will become a new landmark."

"VTB Arena Park is currently the only example of an integrated development of a large urban area including unique sports infrastructure," said Andrey Peregudov, Senior Vice President of VTB Bank, General Director of the Dynamo Managing Company and Head of VTB Arena Park. "We see this award as appreciation of the work that was performed as part of the design phase. We have now come close to the next stage of our project."

The award jury consists of 70 seasoned professionals, including Andrew Panting, British Property Federation’s Director of Operations; Peter Bolton King, Global Residential Director of the Royal Institution of Chartered Surveyors; and Christian Morris, Director/Owner of the architectural firm Yotomo Ltd.

VTB Arena Park is a comprehensive development project that includes the construction of a mixed-use sports and recreation complex (VTB Arena and Dynamo Central Stadium), Dynamo Academy of Sports, Arena Park City Block and Dynamo Sports Park. The area under the project area covers 31 hectares.
VTB Arena and Dynamo Central Stadium are mixed-use smaller and larger sports arenas under one roof. They are also home to the Dynamo Sports Society Museum, an entertainment complex and an underground parking facility. Dynamo Central Stadium’s seating capacity is over 26,000 seats, and the capacity of the mixed-use arena is between 11,500 and 14,000 seats depending on whether it is used as a hockey rink, a basketball court or a concert auditorium. The Dynamo Central Stadium will open with a football match on 22 October 2017, the birthday of famous Soviet goalkeeper Lev Yashin.
The Dynamo Academy of Sports is a sports and training complex with a total area of 62,800 square metres, which includes two hockey rinks, a gym, rooms for combat sports, squash, team sports, fencing and a medical rehabilitation centre.
Arena Park City Block includes 13 buildings, including the headquarters of the Dynamo Sports Society, the Hyatt Regency Moscow, the Petrovsky Park Hotel, office buildings and 1,002 apartments with a total area of 145,000 square metres. There are four office buildings, three of which are 9,000 to 12,000 square metres in size, and one of which is 36,000 square metres. A 4,200-car parking facility is located beneath the VTB Arena Park sports facilities and the city block.

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