Melbourne surf park backed by $28 million investment

Urbnsurf has announced it has recently secured $28.3 million in funding to develop Urbnsurf Melbourne at Melbourne Airport, the world’s first full-sized Wavegarden “Cove” surfing lagoon.

Planning consent has been obtained and construction is scheduled to commence in March 2018 at the site adjacent to the Essendon Football Club on Airport Drive. Urbnsurf expects it to be completed by Easter 2019

The completed project is expected to deliver up to 1000 two-metre high ocean-like surfing waves every hour, servicing up to 84 surfers per hour across six different surfing zones.

Urbnsurf’s founder and executive chairman, Andrew Ross says they are delighted to be bringing the southern hemisphere’s first surf park facility to Melbourne.

“Urbnsurf Melbourne unlocks the geographic limitations of surfing by bringing the beach to your backyard. We are aiming to provide surfers of all abilities the opportunity to engage in their sport more frequently, conveniently, and safely – allowing them to simply ‘surf more’”.

The $28.3 million development capital was secured from a range of Australian-based, high net worth investors and private-equity sources. Urbnsurf says these funds will fuel the company’s construction activities in Melbourne together with activities associated with its other two surf park projects in Sydney and Perth.