Spain
Cuatrecasas advises Madrid Playa Surf on financing to construct an artificial wave lagoon at Atlético de Madrid’s Ciudad del Deporte.
March 10, 2026
Don’t miss our content
SubscribeCuatrecasas has advised Madrid Playa Surf—a joint venture between Stoneweg and Teras Capital, in collaboration with Atlético de Madrid—on successfully securing financing to construct an artificial wave lagoon at Atlético de Madrid’s Ciudad del Deporte.
The financing consists of bank debt, institutional financing and capital contributions from the project partners. Specifically, the financing is comprised of a €31 million syndicated loan participated by Banco Santander and BBVA, alongside a €15.7 million participating loan from European funds. These funds were channeled through Buenavista NextGen Urbano, a vehicle managed by Buenavista Infrastructure and designated by the European Investment Bank (EIB) to deploy part of the Autonomous Resilience Fund.
Set to open in spring 2027, the wave park will feature a surf lagoon spanning 23,000 square meters—the largest facility of its kind in Europe—with the capacity to host up to 120 surfers simultaneously. The complex will also offer a range of amenities, including food and beverage outlets, specialized retail spaces, a surf school, and dedicated venues for corporate events and experiential activities.
The transaction was led by Manuel Follia, together with Víctor Utges and Cristina Poy, from Cuatrecasas’s Banking and Finance group.
March 10, 2026
Don’t miss our content
Subscribe