Manchester United have secured ‌the majority of the land needed for their new 100,000-seater stadium, the Premier League club said on Monday.

United had announced plans last year to build the 2 billion pound ($2.65 billion) stadium, which would be the largest in Britain, next to the existing Old Trafford.

The club said it had acquired a 25-acre site, located approximately 350 meters (about a quarter-mile) northwest of Old Trafford, from industrial space ‌provider Indurent ‌and a Blackstone portfolio company.

“Being able ‌to ⁠build so close ⁠to Old Trafford allows us to preserve the heritage, traditions and rituals that are so important to our fans,” Collette Roche, the CEO of United’s new stadium development, said in a statement.

“We are committed to building a world-class stadium with our ⁠supporters, not just for them, with ‌atmosphere, affordability and accessibility ‌at the heart of our thinking.