He has made a fortune from aircraft, cars, cruises and hotels, but as the recession lays waste to businesses across the country, Sir Stelios HajiIoannou has his eyes set on expanding his easyGroup empire in two very different areas - property and pizza.

The billionaire entrepreneur was in London last week shopping for property to expand easyOffice.

EasyOffice's three existing locations - two in London and one in Glasgow - are leased, but the collapse in commercial property values has encouraged Sir Stelios to consider buying assets. Similarly, easyHotel, another of his ventures, has leased its locations, but now Sir Stelios may swoop on cut-price properties to expand its portfolio.

The Times