The other practices shortlisted are:
- American architect HOK Sport
- German practice von Gerkan, Marg & Partners
- Spanish firms Ferrater-Peñin and Seeac.
The Campo de Mestalla, Valencia's current stadium, seats 49,000 spectators. The client's brief calls for a 21st-century version that will seat 70,000 fans, and which can be used as a venue for other sports and rock concerts.
A decision on the winner is expected within six months. Construction is expected to take five years.
Hamilton Associates director Robin Partingdon has joined forces with fellow architect Borgos Dance & Partners for the bid. Partingdon worked extensively with the firm's director Etienne Borgos when they were both at Foster and Partners.
Borgos designed a public plaza in Valencia, the Mercado de Colon, which was completed last year.