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.
Madrid will host the largest urban beach in Europe with the support of Teras Capital
The project will revolutionize the leisure landscape in Madrid, transforming four hectares of land into the next Sports City with a towering artificial beach.
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
Teras and ICG acquire Avatel’s data center business
Avatel, the fifth-largest telecommunications operator in Spain, has sold its data center business to Teras Capital and Intermediate Capital Group (ICG).
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.