Designs for the reconstruction of New Holland Island have won first prize in the commercial and leisure category at the MIPIM real estate exhibition in Cannes, Interfax reported.

It is the first time a Russian project has won a prize at the exhibition.

The designs for the island, located between the Moika River and Kryukov and Admiralteisky canals, were presented at the exhibition by the British architect Sir Norman Foster and ST Novaya Gollandiya, the firm selected to carry out the reconstruction works.

The plans envisage the construction of a Palace of Festivals with an area of 26,000 square meters and an amphitheater with a capacity for 4,000 spectators. The project also comprises an 18,000-square meter hotel and shopping complex.

News source: times.spb.ru
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