O2 Arena to expand with adjacent complex

The new building can host concerts, sports and large conventions

O2 Arena in Prague will be expanded with a multi-purpose building that should open in the second quarter of 2019. It can host meetings as well as medium-sized concerts and sports matches.

This space, adjacent to the O2 Arena on its southern side, will cover four floors and have a total area of almost 50,000 square meters. It will have up to 24 halls of various sizes and will serve as a modern multifunctional center for large international congresses and corporate events. The largest hall will have a capacity of up to 4,500.

Bestsport, which owns and operates the O2 Arena, has signed a contract with Metrostav and Syner to build the multifunctional complex.

“O2 Arena has demonstrated its ability to successfully host the world's greatest musical or sporting events over the past six years. Now we want to make more use of our experience to bring events to Prague that the organizers would like to hold. But due to a lack of adequate space, our capital is overlooked,” Bestsport CEO Robert Schaffer said in a press release.

"We see great potential for Prague to attract international events that so far could not fit in the Czech Republic because of their size requirements. Thanks to the possibility of linking the new complex with the existing O2 arena, on all four planned floors, we have space for up to 30,000 visitors with plenty of exhibition space, restaurants in all categories and almost unlimited possibilities for any arrangement of space according to the client's wishes,” he added.

Schaffer said that holding an event on the scale of the recent Laver Cup tennis tournament without any problems shows that the management is headed in the right direction.

“We believe that beautiful and safe Prague will attract new types events, and the city deserves to have the long-term benefit from the influx of foreign guests,” he added.

The “small arena,” as the new space is also called, was planned to be built at the same time as the main part of O2 Arena, 2003–04. The first event held at O2 Arena, then called Sazka Arena, was the 2004 Men's Ice Hockey Championships. The small arena was intended for training and for commercial use.

The completion of the small arena stopped due to financial problems, but space and rough construction were preserved.

O2 Arena is one of the most modern multi-purpose halls in Europe with up to 18,000 seats.

Bestsport is part of the PPF Group, which owns assets in excess of €27 billion as of the end of 2016.

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