Gage Roads Brewing (ASX:GRB) has secured a site for its first microbrewery and taproom.
Located in the Sydney suburb of Redfern, the site is situated in the midst of a local hospitality precinct and close to transport.
The venue will house a small craft brewery as well as a 250-person hospitality operation that will be open to both the public and trade.
The move is expected to accelerate east coast retail sales beyond those considered by the current 5-year strategy.
Shares in Gage Roads Brewing (ASX:GRB) trading flat at 10 cents.