British KPF office to strike out on own
KPF is set to split following the announcement the UK partners are seeking to break away from their US founders
The London-based partners who are behind projects such as the Heron Tower in the City of London and the Abu Dhabi airport, have put forward a set of proposals to buy full ownership of the business from their US counterparts.
Under the proposals, the British-based partners would swap shares in the company for full ownership of the UK business, in addition to a undisclosed sum.
According to media reports, UK-office founder Lee Polisano said: “This is the natural evolution of the company. The offices work largely independent of each other. It is a share swap in a way as we would give up shares in the other company. Our proposal is based on a view of how much the London business is worth.”
The firm was founded in 1976 in the US by A. Eugene Kohn, William Pedersen and Sheldon Fox. The UK office was opened in 1989 by Lee Polisano and David Leventhal.
It is expected the UK business, which has five partners in total will change its name, but as yet there is no indication what this will be.