Former power station brings mixed-use energy to Warsaw

Elektrownia Powiśle – or power plant Powiśle – is a mixed use project created by the renovation of a historical building which previously housed one of Warsaw’s power stations. The building was constructed in 1904 and operated as a power station until 2001, subsequently being acquired by White Star Real Estate in October 2015.

Dariusz Domański, White Star Real Estate managing partner Poland explained to Real Asset Media’s Richard Betts while on a tour of Warsaw real estate during the recent CEE Summit: “This project is a mixed-use project which consists of office, retail, residential and hotel. Within the retail it has sub functions of pure retail, a food hall, beauty hall and some event spaces.”

The residential section is purely for rent. “We have 90 apartments of various sizes and finishes, but they are purely for rent, we don’t sell those apartments. They are fully leased and are very popular because the Powiśle area, where the project is located in Warsaw, is also a very popular location.”

The area has attracted major international names such as Dentons, Douglas and Dyson.

Elektrownia Powiśle, which is located near the Vistula river, is a lifestyle-driven project so the food and beverage component is an important one. “In Elektrownia right now we already have 41 food and beverage concepts. It’s quite a lot for one project. But every time we open another one it’s just getting better and better so it turned out to be a really successful decision to concentrate on food and beverage concepts.”

Domański explained that there is a mix of seated restaurants as well as a food hall with 20 operators and around 600 seats. “It’s very popular throughout the week,” he added.