Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Norman Foster considers practice sale

  • Comment
Extraordinary reports over the weekend have suggested that Norman Foster is considering the sale of his practice.

The titled architect, 71, is believed to be looking to outside investors in a bid to raise the capital to fund a massive global expansion plan.

This strategy, which includes the appointment of Catalyst Investment to advise him, could see as many as 30 offices opening worldwide.

The Sunday Telegraph reported yesterday morning that Foster met senior staffers last week to discuss the move - which has valued the firm in the region of £500m.

This valuation could be dependent on whether Foster agrees to stay on as head of the practice, such is the value put on the Norman Foster brand.

Foster and Partners currently employs 850 staff worldwide.

It was unavailable for comment.

by Ed Dorrell

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.