Kelly Slater Wave Company suffers wipeout in the Gold Coast
The Kelly Slater Wave Company has suffered a major setback in its first artificial wave arena project. The investment proposed for the Gold Coast is suspended by the announcement that LM Investments has been placed into voluntary administration. The fund manager governing $3 billion is under investigation by the Australian Securities and Investments Commission for […]
The Kelly Slater Wave Company has suffered a major setback in its first artificial wave arena project. The investment proposed for the Gold Coast is suspended by the announcement that LM Investments has been placed into voluntary administration. The fund manager governing $3 billion is under investigation by the Australian Securities and Investments Commission for breaches of corporation law in the property development of Maddison Gardens, at Pimpana, Gold Coast. In August 2012, LM Investments and the Kelly Slater Wave Company signed a Memorandum of Understanding to build the world’s first circular wave pool for surfing, at Maddison Estate.
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Kelly Slater Wave Company suffers wipeout in the Gold Coast
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