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Challenger Acquisitions invests in Texas observation wheel

Mark Gustafson, chief executive of Challenger Acquisitions Limited (LON:CHAL), tells Proactive's Andrew Scott they've invested in a second giant observation wheel project, this time in Dallas, Texas.

The AIM-quoted firm has invested US$300,000 towards the pre-development costs of the Eye of Texas, with the option to invest up to US$1mln in this first tranche.

The remainder of the US$3mln of pre-development costs is being raised by local developers.

Quick facts: Challenger Acquisitions Limited

Price: 0.13 GBX

LSE:CHAL
Market: LSE
Market Cap: £410.2 k
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