Allianz Parque,
popularly known in its beginnings as Arena Palestra Italia or Arena
Palmeiras, is a multipurpose stadium built to host shows. ,
concerts, corporate events and, mainly, football matches for
Palmeiras, its owner, who celebratedó an innovative construction contract,
exploration and management with WTorre to completely renovate its old stadium.
The new stadium was built by the company WTorre Properties/Arenas, part
of the WTorre Group, where the traditional Palestra Italia Stadium was located,
also popularly known as Parque Antártida.