The stadium is situated in the Savski Venac municipality, in central Belgrade. Designed by architect Mihailo Janković, the ground was built on the site of BSK Stadium. It was officially opened on Day of Yugoslav People's Army on 22 December 1951. The first match ever played was between Yugoslavia and France on 9 October 1949. The stadium had a capacity of 55,000 until it was renovated in 1998 following UEFA security regulations. This led to the conversion of the stadium into an all-seater reducing the capacity to 32.710, currently the second largest stadium in Serbia, behind the Red Star Stadium.