Neo Gipedo Panathinaikou

Updated: 03.11.2025

Target capacity 40 000
Country Greece
City Athens
Clubs Panathinaikos
Category Construction in progress
Other names Votanikos Arena
Cost €125 M ($143.6 M)
Construction 2023–2027
Design A&S Architects
Contractor GEK Terna, Ellaktor and Mytilineos consortium

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Neo Gipedo Panathinaikou – construction description

Panathinaikos is one of the most successful and recognizable football clubs in Greece. The team currently plays at its own ground, the so-called Leoforos, which – despite its unique character and emotional significance for supporters – is now too small and outdated.

For many years, efforts have been underway to provide the club with a modern stadium worthy of its history and stature in Greek football. Over time, various ideas were discussed, including both the modernization of the existing venue and the construction of an entirely new one in a different location.

Ultimately, a site in the Votanikos district was chosen – an area previously occupied by industrial facilities. Nearly two decades passed from the initial concept until early 2025, when foundation works finally began. The opening of the new stadium is planned for the start of the 2027/28 season.

Although the new venue will be a football-specific stadium, it is being built on a circular plan. With a capacity of 40,000 spectators, it will feature a dynamic, flowing form inspired by the home of FC Porto, Estádio do Dragão.

More details about the design of the new Panathinaikos stadium can be found on a dedicated subpage

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