15. Oktober 2013     Print Print 

First DreamWorks indoor park in an European city

The Regions GC and the City Administration of St Petersburg signed a cooperation agreement to build a DreamWorks indoor theme park in the city. This memorable event took place within the framework of the 16th International Trade Fair for Property and Investment Expo Real 2013 held in Munich from October 7 to October 9.
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The signed agreement provides for support in creating favorable conditions for the project implementation, development and issue of permits in accordance with the Urban Development Code of the Russian Federation, as well as optimization of the procedure of getting approvals for technical documentation developed by the investor.

In turn, the Regions GC commits to complete the park construction before December 25, 2016, including generation of proposals on the implementation of social and public initiatives and development of all the necessary transport infrastructure. The park development is an important investment project for the city, as the investment company is going to invest about USD 500 million in it. The project is being implemented under the exclusive licensing agreement between the Regions GC and DreamWorks Animation SKG, an American animation studio.

Overall, at present, there are plans to develop three theme parks in Russia, one in each of the three cities – St Petersburg, Moscow, and Yekaterinburg. These are to become the largest indoor theme parks in Europe.

Park visitors will have a chance to get fully immersed in the world of DreamWorks Animation’s beloved franchises including Shrek, Madagaskar, Kung Fu Panda, How to Train Your Dragon, and others. The park will feature multiple amusement rides and attractions, live entertainment events, theme restaurants and many other things. In addition to the theme park, the multifunctional complex will also include a retail and entertainment center, a multi-purpose concert and movie hall, a multiplex with an IMAX movie theater, a three-star 500-room hotel, and a park and garden area with a theme sculpture park, ponds, and fountains. The total area of the theme park and the retail and entertainment center will be 70,000 sq. m and 100,000 sq. m, respectively.