EasyGroup’s innovator, Sir Stelios Haji-Ioannou, is planning to make a return to the industry in the anticipation that the commercial real estate market is reaching the base of its two year decline.
The creator of EasyJet is now looking to take advantage of the current economic situation in London and purchase commercial premises there at depressed prices. With the launch of EasyHotel and EasyOffice, he plans to use these premises for offering a wider array of services for his budget enterprises.
With the property market in London having lost over forty percent of its value since its height back in 2007, Sir Stelios has become interested in the more attractively priced properties now on the market. Even in this climate business are showing an interest in commercial premises in London and there is a demand for office planning advice and services.
Currently, Sir Stelios does not own any real estate in the UK but with prices decreasing for everyone, he can now make a considerably worthwhile investment in the commercial property market for just three-million pounds.
Sir Stelios plans to use these properties as premises for EasyOffice and for converting into hotels in his EasyHotel franchise chain.
Currently, the EasyHotel chain has six branches with four in central London and one each at Luton and Heathrow airports. Now he is looking into developing branches in Gatwick as well as more in central London. He anticipates that the number of branches will double in the next couple of years.
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