Inland surfing company, The Wave, has signed an exclusive partnership agreement with wave-making technology provider, Wavegarden, to deliver 6 or more developments across the UK and Ireland.
The company, that opened its first surfing lake in Bristol in 2019, is already working on a second site in London and is now exploring further development sites for inland surfing destinations powered by Wavegarden Cove technology.
Building six further Wave sites represents an investment of over £200Mand once open they will welcome a combined total of over 2 million visitors a year. The multi-million-pound deal puts The Wave at the forefront of the nascent surf park sector in the UK and Ireland – a leisure category that is predicted to boom in the next 5 years.
Craig Stoddart, The Wave CEO, said: “This multi-project agreement further cements our brilliant and exclusive partnership with Wavegarden, and the deal adds significant value to The Wave Group and our shareholders. Being the first to open a surf park powered by a new technology was a leap of faith in so many ways, but we believed in the technology and the team delivering it. The waves work.”
Fernando Odriozola, Chief Commercial Officer at Wavegarden, adds: “We are delighted to have signed this strategic partnership with The Wave so we can continue to work with the team on many projects in the coming years. The very valuable experience and knowledge we have gained together at Bristol will allow us to move forward on a number of sites simultaneously. The future looks very bright.”
