Skip to content
Home » New Investors Back Surf Park Plan Five Years After First Launched

New Investors Back Surf Park Plan Five Years After First Launched

Plans for a surfing park in the landlocked West Midlands which were first unveiled in 2019 have been given fresh impetus following a land deal.

A joint venture team of Spanish funder Teras Capital and Swiss property investor Stoneweg have combined to buy a 5.4-acre site in Coleshill, east of Birmingham.

The pair, known as Stoneweg InfraSport, now plans to invest £50 million to create the park, marking the JV team’s second surf project and its first in the UK after commencing a similar scheme last year next to Atlético Madrid FC’s stadium.

The 15-acre site west of Coleshill town centre was previously owned by Solihull-based IM Properties but terms of the deal were not disclosed.

Email newsletters

BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire.

Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates.

We will also send out ‘Breaking News’ emails for any stories which must be seen right away.


For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here.

London-based Emerge Surf won planning consent from North Warwickshire planning chiefs in summer 2020 for a £25 million surf lagoon, school and other amenities but it never got off the ground.

Stoneweg InfraSport says it will now push forward with the development to build a 5.4-acre surf lagoon able to generate 1,000 waves per hour, up to 6.5 feet high.

Facilities will also include a surf academy, equipment rental and surf store, restaurant areas with coworking spaces and additional recreational activities including hot tubs and a playground.

It is due to open towards the end of 2025 and is expected to welcome up to 200,000 visitors per year, with Emerge Surf’s founder Steve Price appointed as general manager of the new park.

The attraction will use ‘Wavegarden Cove’ technology, created by Spanish engineering company Wavegarden whose machinery is designed to recuperate and reuse part of the energy created in the process of generating waves.

This technology is already in use at ‘The Wave’ in Bristol which opened in 2019.

Miguel de Lucas, managing partner at Madrid-based Teras Capital, said: “This new wave park 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 of Geneva outfit Stoneweg, added: “This project will see Stoneweg 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.”

Story Saved

You can find this story in My Bookmarks.Or by navigating to the user icon in the top right.