Berggruen in talks to buy Ha'argaz lot in Tel Aviv

Jewish American billionaire Nicholas Berggruen of Berggruen Holdings has his eye on the former Ha'argaz factory compound in Tel Aviv. Yedioth Ahronoth newspaper reported on Sunday that the businessman, who already holds a number of assets in Israel, plans to purchase the massive lot in central Tel Aviv for the construction of office and high-tech buildings. According to the report however, sources close to the negotiations said talks were put on hold due to disputes over the price.