Israeli company in talks to take a £100m stake in British Land's

A company owned by one of Israel's richest men disclosed yesterday that it is in talks to buy a stake in the City of London's famous Broadgate office complex from British Land.

Property and Building, which is controlled by Nochi Dankner, the billionaire, said in a statement to the Tel Aviv stock exchange that it was in the initial stages of buying a stake in Broadgate for £100 million. Harel, Israel's third-biggest insurance company, said separately that it was looking at investing about £45 million.