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Hochtief Development Poland to build an office complex in the old power plant in Powiśle

Hochtief Development Poland intends to purchase the land of the former Powiśle Heat and Power Plant from the Irish developer Menolly. The transaction may take place in the nearest weeks. At the site, an office and services complex are to be constructed, which will incorporate historic post-industrial buildings, stated the portal

“Negotiations with Menolly are underway, therefore I can't reveal any details,” informed Piotr Stark from Hochtief. This company is well-known in Warsaw after constructing the Rondo 1 skyscraper; currently it is transforming a tenement in Małachowskiego Square into an office building. Menolly has purchased the 4.3 ha plot of land of the Powiśle Heat and Power Plant seven years ago for the price of PLN 130,000,000 – an amount considered to be king’s ransom at that time. On a half of the plot situated between Lipowa, Wybrzeże Kościuszkowskie and Leszczyńska streets, the company has constructed an exclusive residential complex designed by the Stefan Kuryłowicz architectural studio. Prices of the apartments reached 40,000 zlotys per a sqm.

The other half of the plot with an area of 2.7 ha is much more difficult to develop - its houses the listed buildings of the historic power plant such as an engine house and a boiler room from the 20s of the last century and a switching station and caisson. At the request of Menolly, the APA Wojciechowski architectural studio designed an office, services and residential complex. The architects have cooperated with a specialised Pro-Arte studio on adapting the listed buildings.

New buildings will be erected side by side with the old ones: a 24-metres high apartment building at the junction of Leszczyńska and Dobra (on the ground floor with arcades there will be business premises). In the space between the preserved historic buildings and Zajęcza Street there will be three office buildings with their height equal to that of the apartment building. Some of the buildings designed by APA Wojciechowski have already been granted building permits. The date of the commencement of the investment has not been set yet, stated


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