Global Shred Ventures signs development & equity partnership in surf farm

Sunshine Coast based Surf Farm has announced that Global Shred Ventures (GSV) have signed a Memorandum of Understanding to collaborate in finalising Development and Equity Partnership arrangements in the wave park development and operating companies.

The partnership is a major milestone in delivering one of Australia’s most significant surf and lifestyle destinations which is located near the iconic Glass House Mountains on Queensland’s Sunshine Coast.

Surf Farm will feature a 62 module Wavegarden Cove their most advanced and versatile system to date. The project will combine premium surf experiences with integrated food and beverage, retail and wellness offerings, creating a destination designed for both local communities as well as domestic and international tourism.

Adam Lamond, Executive Chairman of Global Shred Ventures, said that as the development partner and equity participant, GSV will help oversee project delivery and long-term operational strategy, drawing on its international experience in surf and experience-based leisure assets.

“We are delighted to partner with Surf Farm to finalize participation arrangements as both development and equity partner. This project aligns strongly with GSV’s strategy of delivering high-quality, community-focused surf destinations that create long-term economic and social value. Surf Farm represents an exceptional opportunity within one of Australia’s fastest-growing regions.

“The partnership will also mark a renewed collaboration between GSV and Wavegarden, following previous international engagements. We are looking forward to working with the Wavegarden team as their proven technology and operational reliability provide a strong foundation for building a flagship surf destination on Queensland’s Sunshine Coast,” Mr Lamond added.

Josema Odriozola, Founder and CEO of Wavegarden said Surf Farm represents an exciting addition to the Wavegarden global network.

“We are pleased to collaborate once again with GSV and to support the delivery of a world-class surf facility in the Sunshine Coast region. This is a location deeply connected to surf culture and we firmly believe Surf Farm will become an iconic national and international tourist destination.”

Chris Salmon, Director of Surf Farm, said the partnership with GSV is expected to be finalised over the next few months and will position the project for delivery.

“Working with GSV as a development and equity partner significantly strengthens Surf Farm’s pathway to construction. Our vision is to create a world class wave pool destination that celebrates the joy of surfing offering something for both surfers and non-surfers alike. We are confident the project will strongly contribute to regional tourism, lifestyle and broad community engagement.”

Surf Farm is currently progressing through detailed engineering and technical coordination ahead of a planned ground break later this year.

For more information on the Surf Farm project and updates on development progress, visit www.surffarm.com.au‍ ‍