The Vaux Site’s Beam, opened in 2019, has attracted its third tenant. The South Tyneside based Technology and Software Company Asset55 has signed a ten year lease for office space in the building which will see the creation of 30 new jobs in the city starting from April.

The company follows the grocery delivery service Ocado and the health and safety firm Penshaw view into the building, accelerating the creation of a new business district on the site of the former brewery, both of which have created hundreds of jobs. Company CEO David Frame stated: “We’ve taken close to 11,000 sq ft in The Beam to support our growth and provide the strongest base for our team. We spent a long time looking across the entire North East for our new HQ and The Beam stood head and shoulders above all else.”

“The environment and design is perfect for a company of our kind and the plans that Sunderland City Council have for the site as a whole were a major bonus… It was obvious to me from the outset that Sunderland City Council understood our needs and ambitions, and I’m delighted they were so keen to bring us into the city.”

Adjacent to the building, construction on Sunderland’s New City Hall is also under way, with another £100 million of investment having been secured.