Deals

Israeli group in talks over £100m London office deal

Israel’s Property and Building announced that it is considering paying UK REIT British Land for a stake in an office complex at Liverpool Street Station.

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Israel’s Property and Building is in talks to acquire a £100million (€118 million; $164 million) stake in the Broadgate office complex next to Liverpool Street station.

An announcement yesterday by the group promoted Broadgate owner British Land to make a statement of its own today, saying it was in discussions with parties following initial approaches.

MGPA, the London and Asia private equity real estate firm, has previously been reported as an interested party.

British Land, which is a REIT quoted on the London stock exchange, said: “The company declines to give further details about any of the parties but confirms that discussions are at very early stages.”