FD chief executive Charles Watson and Tamesis chief executive Anthony Danaher declined to comment but sources close to the deal said talks were at a very early stage.
Tamesis is one of the UK’s leading property PR firms and counts Tesco’s property portfolio among its clients. The firm’s work can cover everything from PA briefs around planning applications to relations with local communities and press affected by a client’s developments.
Although the 26-strong London and Manchester-based firm also handles corporate PR for its clients, it has long craved a financial PR partner and this is understood to be one of the key motivating factors behind the deal.
FD’s real-estate practice numbers five people and handles corporate and financial communications for Land Securities. In addition to work for Tesco’s property portfolio, an acquisition of Tamesis would link the financial PR shop with some of the world’s largest real estate companies, including Reed Midem and CB Richard Ellis.
Tamesis has also been involved with the Canary Wharf, Chiswick Park and Spitalfields developments.