Surf Lakes commences sale process for Yeppoon property
Surf Lakes has announced the commencement of a sale process with Knight Frank real-estate agents for its Yeppoon property, inviting interest from prospective Surf Lake developers or purchasers considering other suitable uses. The Queensland site played a pivotal role in developing and validating the company’s proprietary wave-generation technology. Originally established as a research, development and […]
Surf Lakes has announced the commencement of a sale process with Knight Frank real-estate agents for its Yeppoon property, inviting interest from prospective Surf Lake developers or purchasers considering other suitable uses.
The Queensland site played a pivotal role in developing and validating the company’s proprietary wave-generation technology. Originally established as a research, development and demonstration facility, Yeppoon enabled Surf Lakes to test its technology at full scale and showcase it to investors, commercial partners and prospective licensees from around the world.
Surf Lakes subsequently secured extensive development approvals for a Surf Lakes destination incorporating a hotel, RV park, renewable energy facilities and ancillary food and beverage, events and commercial uses.
“Yeppoon holds a special place in the Surf Lakes story,” said Lewis Glynn, MD of Surf Lakes Queensland and COO of Surf Lakes (Global).
“It is where we proved our technology and built the foundations for our commercial ambitions. Our team, shareholders and the local community have all contributed to that journey, and we are grateful for their support.”
Surf Lakes will engage with parties interested in developing a Surf Lakes destination, building on the planning approvals and work already undertaken. The company will also consider proposals for alternative uses.
“We welcome interest from all interested purchasers, including those who share the vision for a Surf Lakes destination at Yeppoon” Glynn said.
“We are approaching the process with an open mind. Our aim is to achieve a commercially sound outcome that gives the property a clear path forward and creates opportunities for the region.”
As Surf Lakes pursues commercial projects internationally, the company hopes to see a new owner build on the investment and planning undertaken at Yeppoon.
“We want to see the property’s potential realised and the investment made there provide a foundation for its future.” Glynn Said.
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About Surf Lakes
Surf Lakes develops proprietary wave-generation technology designed to produce multiple surf breaks simultaneously. Following full-scale research, development and demonstration at Yeppoon, Queensland, the company is pursuing commercial Surf Lakes destinations and licensing opportunities globally.
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info@surflakes.com
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