Insights > Deals
RQI and Westend Bank take over stalled Frankfurt rental conversion
19 October 2026 | Asset acquisition | Germany | TBC | Re‑development
The new owners intend to finish, rent and ultimately sell the former office property, bringing a stalled residential conversion back into an investment programme.
Key details
Asset type | Re‑development |
Location | Frankfurt am Main, Germany |
Capacity | Undisclosed |
Buyer | RQI Smart Living in Frankfurt |
Buyer 1 | RQI Immobilien AG |
Buyer 2 | Westend Bank AG |
Value | Undisclosed |
Source: Immobilienmanager
The venture has acquired the partially completed conversion project at Niddagaustrasse 42 in Frankfurt's Roedelheim district through insolvency proceedings. Its planned residential mix includes microapartments, serviced apartments and townhouses. According to RQI's October announcement, marketing is scheduled to begin in spring 2028.
The investment strategy is to complete the works, lease the accommodation and exit the investment once the property has stabilised.
Strategic context
The property was previously promoted by Cube Real Estate as NIDDA.VIERZIG2 before works stopped following the insolvency. RQI and Westend Bank are taking over that partially completed investment through an existing working relationship, combining property completion and restructuring with financing expertise.
The partnership aims to recover value from the work already completed and the approvals secured, with plans to generate rental income before eventually selling the stabilised asset.
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