EasyGroup entrepreneur Sir Stelios Haji-Ioannou is to return to the commercial property market in the expectation that the sector is nearing the bottom of its two-year slump.

The EasyJet innovator, who does not own any commercial property, is planning to create a special vehicle to buy London office buildings at depressed prices. He plans to turn these properties into hotels and offices for use by his budget franchises, EasyHotel and EasyOffice.