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.
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