Madrid City Council gives the green light to the City of Sport
Following its agreement with Atlético de Madrid, Teras brings to Madrid what will probably be one of the biggest wave parks in the country. The Project will implement the technology of Wave Garden, a Spanish company, world leader in this type of facilities and will mean that the people of Madrid will be able to surf authentic replicas of some of the best and most famous waves in the world in the city.
The City Council has announced the start of the urban planning procedures to authorise the Project, with a preliminary agreement between Atlético de Madrid and the Project’s promoters, who have the assistance and support of Teras Capital at all times and the financing provided by a specialised fund. The Madrid Project is the first of the parks that the promoters are promoting in other European cities.
The people of Madrid will be able to surf authentic replicas of some of the best and most famous waves in the world.
You can find more about this article:
More news
Templus agrees to acquire nine data centers from AtlasEdge
With this acquisition, Templus achieves significant synergies in key Spanish markets and begins its international expansion, managing a portfolio of more than 60 MW and 750 customers across high-growth colocation markets.
Olin Group signs the acquisition of the Murcian operator Fibranet
With the purchase of the Murcian firm, it adds 150,000 covered households and aims to reach 1.8 million homes.
Teras executes its first divestment by selling its stake in Mundo Pacífico
The acquisition of this company took place in September 2019. In just about 24 months, in a process led by Teras, it has been acquired by Digital Bridge, the US leading fund in digital infrastructure.
Stoneweg and Teras Capital invest £50 million to develop UK’s largest surf park in Birmingham as part of recently launched pan-european urban surf destination strategy
The second wave park investment under Stoneweg Infrasport strategy will transform the UK’s second largest city into one of Europe’s leading urban surf destinations