BakerStreet I. – Unlocking Value Across the Full Real Estate Lifecycle
From tenant representation to disposal - Hungary’s largest office transaction in 2025
iO Partners supported BakerStreet I. throughout its real estate lifecycle – from representing E.ON in securing its new headquarters and overseeing the delivery of the building, through strengthening the lease profile, to advising Atenor on the successful disposal of the asset. By combining leasing, project management and capital markets expertise, iO Partners helped create a compelling institutional investment proposition and ultimately introduced a new investor to the Hungarian market.
A STRONG ASSET, POSITIONED FOR A SUCCESSFUL EXIT.
BakerStreet I. is a newly developed, institutional-quality office building in South Buda, providing approximately 16,600 sq m of modern office space and serving as the Hungarian headquarters of E.ON.
iO Partners’ involvement with the property began well before the investment sale. Having represented E.ON in securing its new headquarters and supported the delivery of the building, the team had an in-depth understanding of both the asset and the occupier.
Ahead of the disposal, iO Partners worked closely with Atenor and E.ON to further strengthen the investment profile of BakerStreet I., including the extension of the lease. This resulted in a long-term, secure income profile and created a highly attractive institutional investment proposition.
STRENGTHEN THE INVESTMENT CASE. THEN FIND THE RIGHT BUYER.
- Supported the asset throughout its lifecycle, from tenant representation and project delivery through to the eventual investment sale.
- Worked with Atenor and E.ON to extend the lease, creating a long-term income profile and strengthening the investment proposition ahead of the sale.
- Positioned BakerStreet I. as a core institutional office investment, combining a newly developed building, strong ESG credentials and a long-term lease to E.ON.
- Implemented an international investor strategy, reaching beyond the traditional pool of active Hungarian buyers.
- Identified and introduced a new investor to the Hungarian market, bringing fresh international capital into Budapest.
- Managed the transaction through negotiations and closing, providing Atenor with continuity and transaction expertise throughout the process.
HUNGARY’S LARGEST OFFICE TRANSACTION IN 2025
- BakerStreet I. became Hungary’s largest office investment transaction in approximately two years.
- The transaction brought a new international investor into the Hungarian market.
- Atenor successfully completed the disposal of a newly developed, institutional-quality office asset with a long-term secured income profile.
- The transaction demonstrated the value of iO Partners’ integrated approach across the full real estate lifecycle, combining occupier services, project management and capital markets expertise.
"BakerStreet I. demonstrates what can be achieved when we are involved throughout the full lifecycle of an asset – from securing the tenant and overseeing delivery to strengthening the investment proposition and ultimately accessing international capital."
Gabor Zeller • Head of Capital Markets
If you are looking to strengthen the investment profile of an asset, reposition it for sale or access international capital, contact iO Partners Capital Markets to discuss how our integrated approach can support your investment strategy.
Head of Capital Markets
