Built in 1960 with a donation from the Lysimachos Kaftanzoglou Foundation, and a diplomat and lawyer from an aristocratic family in Thessaloniki. Located very close to Aristotle University of Thessaloniki and the University of Macedonia, it is relatively close to the center, with its main entrance on Agiou Dimitriou Street.
It is one of the most famous and historical stadiums in Greece and has been operating for more than 45 years. Its complete refurbishment for the Olympic Games in 2004 transformed it into one of the most modern and well equipped sports facilities.
The second largest stadium in Greece, after the Olympic Stadium in Athens, it covers an area of 106,534 sq.m. Its grounds (apart from for the main stadium which can hold up to 30,000 spectators, the auxiliary arena and the training hall) include the sports facilities of Iraklis F.C., the national pool, indoor basketball and volleyball courts (Ivanofio and Katsanio), the Sports Museum and the Teloglion Foundation. It also hosts the headquarters of many sports clubs and federations in Thessaloniki. Note that locals and tourists can use the stadium to train.