LONDON-Two shareholders have been amassing substantial stakes in serviced office provider Regus, and they have continued to buy despite last week's emergency sale of 58% of the UK business in order to prop up the ailing UIS operation.

LONDON-Real estate fund manager Heitman has launched its second European real estate fund. Heitman Central European Property Partners II will, like its predecessor, target opportunities in central Europe.

LONDON-Acquisitive developer Hammerson has added to its landbank with the pounds 63 million ($100 million) purchase of RT Group Developments, formerly the property arm of the failed privatised rail infrastructure company Railtrack. The deal gives Hammerson a stake in up to 20 million sf of new development.

LONDON-New data from the Office for National Statistics shows that the third quarter of 2002 saw pounds 3.5 billion ($5.5 billion) of net investment in property by UK insurance companies and pension funds: the highest figure since quarterly records began in 1983.

LONDON-Isis Property has bought Neopost House, the largest office building in the suburban office centre of Romford, Essex, for pounds 5.66 million ($9 million) reflecting a net initial yield of 7.6%.

LONDON-The ING Covent Garden Limited Partnership, managed by Rugby Estates, has doubled in size with the pounds 66 million ($105 million) purchase of a 105,000-sf portfolio.

LONDON-Capital & Regional has bought out the fund management operation of troubled property group MWB, and it plans to manage the three leisure funds through its existing Xscape operation.

LONDON-Meridian Delta--a joint venture between Lend Lease and Quintain--has made its long-awaited planning application for the 190-acre Greenwich Peninsula in east London, which includes converting the Millennium Dome into a 26,000-seat events arena.