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May 4th, 2009

Stelios Now Buying up Property Near You

Posted by admin in Design Tricks, Market, School of Management

Currently, Sir Stelios does not own any large commercial real estate in Britain but with values decreasing by the day, he can now make a considerably worthwhile investment in the commercial property market for just a measly three-million pounds.

Sir Stelios plans to use these office buildings as premises for EasyOffice and for converting into hotels in his EasyHotel franchise chain.

The inventor of the budget airline concept is now looking to take advantage of the current economic situation in Greater London and purchase commercial premises there at super low prices. With the launch of EasyHotel and EasyOffice, he plans to use these premises for offering budget enterprise office space and cheap accommodation.

With the current economic slump, values of real estate in London have been hit hard and Sir Stelios plans to invest in empty commercial premises there. He has stated that the risks of buying now are minimal, even if the market were to lose another few percent of its value. 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 whereby a complete office refurbishment is planned.

The EasyHotel chain has half a dozen branches with four in central London as well as Luton and Heathrow airports. Now he is looking into developing branches at Gatwick as well as more in central London.

In response to the ever increasing difficulty of getting bank loans and mortgages, Sir Stelios has stated that he would be investing entirely with pound notes and eventually may start looking into bank debt once the deals become more viable to the property wary banks.

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