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Stoneweg makes first investment in the United Kingdom
Transactions - FEBRUARY 7, 2024

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Stoneweg makes first investment in the United Kingdom

by Released

Stoneweg InfraSport, the recently launched partnership between Stoneweg and Teras Capital focused on the acquisition, development and operation of man-made urban surf destinations across Europe, has acquired the former Emerge Surf development site in Coleshill in Birmingham from IM Properties, where it intends to deliver the United Kingdom’s largest wave park. The £50 million (€55 million/$ 62.8 million) commitment represents Stoneweg’s first investment in the United Kingdom.

The development, which benefits from excellent road and rail links, will be centered around a best-in-class, 5.4-acre man-made WaveGarden Cove surfing lagoon, able to generate 1,000 waves per hour, up to 2 meters high, with adjustable size and shape. Former Emerge Surf founder Steve Price will stay on as General Manager of the wave park, which is due to be completed in fourth quarter 2025 and is expected to welcome up to 200,000 visitors per year.

Visitors will also have access to a surf ac

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