Hungarian football club Ferencváros have announced plans for a new 22,000 all-seater stadium to be built in Budapest.

Plans are in place for an initial £26 million stadium to be constructed and completed by 2012 but also with further plans to develop the surrounding area of the stadia with a £250 million construction of leisure facilities, a 250-room hotel, commercial space and retail park.

The new stadium will be the new home of Ferencváros who currently play at the Stadion Albert Florian which is also on the same site of the new venue.

Capita Symonds will take charge of the project which is to be completed for the start of the 2012/13 season and executive director Mark Norris keen to highlight how the project will have a positive effect on the local area.

"The development is highly significant both for Hungarian football and the city of Budapest,” Norris explained.

"We are of course delighted to be involved with Ferencvaros both as sponsor and as development consultant with responsibility for the design and delivery of the stadium and associated commercial space.

"Fradi has a long and distinguished footballing history and it will be fantastic to see the new facility playing its part in the future fortunes of the club.”

Posted on 27/01/2010