Stoneweg InfraSport has bought the former Emerge Surf development site in Coleshill, Birmingham, from IM Properties, where it intends to deliver the UK’s largest wave park.
The firm, a partnership between Stoneweg and Teras Capital, has committed £50m for the scheme, which is Stoneweg’s first investment in the UK.
The development will be centred around the 5.4-acre man-made WaveGarden Cove surfing lagoon, able to generate 1,000 waves per hour, up to two meters high, with adjustable size and shape. The scheme is due to complete in Q4 next year.
Miguel de Lucas, managing partner at Teras Capital, said: “This new wave park in Birmingham represents our commitment to fuse sport and leisure, offering an innovative experience in what is the second largest metropolitan area in the UK. This project will not only provide access to urban surfing for millions of people, but will also become an international benchmark in terms of the facilities and entertainment offering for visitors.”
Jaume Sabater, chief executive at Stoneweg, added: “This project will see Stoneweg to combine its real estate expertise and commitment to social impact through the delivery of a ground-breaking new development that brings one of the world’s most popular sports to the UK’s second largest metropolitan area. We are also excited to have closed our first investment in the UK, one of Europe’s key real estate markets and one which has witnessed a strong post-Covid bounce back in demand for leisure activity.”
The Birmingham wave park is the second being developed by Stoneweg InfraSport, following the launch last year of what will be the largest wave park in Europe, in Madrid, in partnership with Atlético de Madrid. Located in the future sports city next to the football club’s new Metropolitano stadium, the four-hectare site will feature Europe’s largest urban beach and forms part of a project led by Atlético de Madrid to turn the area into a leading global lifestyle destinations.
Stoneweg InfraSport is currently undergoing feasibility studies for what would be its third wave park development, in Malaga on the Costa del Sol.
Image from Stoneweg InfraSport
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