In 1980, the Free State of Bavaria made plans to move the brewery to the outskirts of the city, and construction work began at a new location in the Munich suburb of Riem in September 1986. The new 76-million mark building was officially inaugurated on November 23, 1988. The brewery has its own well and excellent transport connections by rail and road and cutting-edge equipment. With a state-of-the-art equipment, designed for a production capacity of 6,603,000 gallons a year, the Hofbräuhaus brewery ranks among the most modern in Europe.