The Royal Dublin Society (RDS), a conference, concert and exhibition venue in the Irish capital, has been granted permission by Dublin City Council to expand the Anglesea Stand of its main arena.

The RDS applied for the planning permission in August. The redevelopment is set to cost in the region of €26m (£22.7m/$29m) in total.

RDS Arena is the home of the Leinster Rugby Pro12 team and the redevelopment will see its capacity increase from 18,500 to 21,000. New facilities will also be provided for concerts and other events.

The revamp will require the demolition of the existing stand, with a floodlit grandstand to be built in its place.

“It is a considerable step along the planning process and one that brings the new stand closer to realisation,” the RDS said, according to the Irish Times newspaper. “The new facility will create a top-class experience for visitors and positively impact on the Dublin Horse Show, Leinster Rugby and any other events held in the RDS main arena.”

The RDS will be solely responsible for managing the redevelopment of the stand.