Leicester Tigers star Hipkiss became the first player to be given a tour of the new facility and described it as awesome.
The stand will take capacity at Welford Road up to 24,000 next season and England international Hipkiss said he cannot wait to see it filled with Tigers fans when he runs out for the first home game next year.
He said: “The Caterpillar Stand is very impressive. It is a great size and I can’t wait to see it filled up with Tigers fans. It will be awesome.
“It will be great running out here next season. That will be the first thing that you see when you run out of the tunnel – I can’t wait for the next season to start.
“I spent a lot of time watching the games at Welford Road when I was in the Academy at Leicester, it is a great stadium and this will only improve it.”
Welford Road season tickets, including seats in the new Caterpillar Stand, are available now. More information is available by clicking here.