Foreign Capital JV Plans to Update South Bay Galleria

L Catterton Real Estate and QIC Global Real Estate has formed a joint venture to redevelop the South Bay Galleria in Redondo Beach. As part of the strategic partnership, LCRE has acquired a 50% interest in QIC GRE’s South Bay Galleria following development approval from Redondo Beach City Council in January 2019.

The new space will become an iconic retail-led, mixed-use destination. It will feature commercial and accommodation space, improved transport and bicycle connections, and substantial public space.

QIC GRE received Redondo Beach City Council approval for the proposed development of South Bay Galleria in January 2019. The approved plan incorporates the revitalization of 29.85 acres.