Erste Group finances one of Warsaw’s leading mixed-use projects

Erste Group and Erste Bank Polska have jointly provided EUR 172 million of refinancing facility for the mixed-use project ‚Elektrownia Powiśle’ in Warswa. The financing represents one of the largest single-asset real estate transactions in Poland in 2026 and marks the first jointly executed financing transaction by the two institutions following Erste Group’s expansion into the Polish market.

Elektrownia Powiśle is one of Poland’s leading mixed-use real estate developments and was created through the revitalization of a historic power plant. The project has transformed a landmark industrial asset into one of Warsaw’s most prominent urban real estate schemes. The property comprises more than 54,000 square meters of class A office, retail, food & beverage, hotel, and premium residential space and has established itself as a resilient and highly sought-after destination since ist opening in 2020.

„Elektrownia Powiśle is an outstanding example of how a complex revitalization project can evolve into a stable institutional-grade investment. The strong operational performance and diversified use mix make the asset an attractive financing opportunity. We are delighted to execute this transaction together with Erste Bank Polska and thereby take another important step into implementing our growth strategy in Poland“, so Günther Artner, head of Commercial Real Estate at Erste Group.