Llewelyn Davies Yeang sells masterplanning unit
The firm has offloaded its 40-strong ‘strategic and policy planning arm’ for an undisclosed fee to consulting giant Tribal Group.
It will join the group’s housing and regeneration unit and will be renamed Urban Studio. Tribal already owns architect Nightingale Associates.
According to LDY, the move follows months of discussions and is part of a ‘strategic’ streamlining exercise.
Steve Featherstone, managing director of LDY, said he hoped the move would be ‘viewed as progressive’.
He added: ‘[The] major growth and income for us is overwhelmingly architectural commissions in the UK and overseas. [Although] the heritage of the planning practice was recognised, it largely played a support role in the company.’
Following the sale, LDY will be left with a core staff of around 100. Featherstone admits the practice will need a ‘significant new injection of staff’ in the coming months to deal with its increased workload, after winning more work in the last 12 months ‘than in any previous year for the last 10 years’.