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Teconnex leases space at First Property-owned warehouse in Romania

First Property Group has signed a lease with Teconnex Ltd for around one-third of its warehouse in Tureni, Romania. The rent payable by Teconnex amounts to some EUR135,000 per annum.

Located on the DN1/E81 road, the 8.575 sq m warehouse is 23 km south of Cluj Napoca and 11 km north from access to the A3 motorway at Turda. The warehouse is one of twenty-five commercial properties owned or managed by First Property in Romania and Poland, which have a total market value of circ GBP238 million.
Teconnex is a designer and manufacturer of V-clamps, pressed clamps and other joint technology solutions for the automotive, aerospace and industrial sectors. It is UK based, with operations in China, and part of the privately owned Hexadex group of companies.
The entire warehouse had previously been leased to Aquila Part Prod Com SRL until 15 January 2018.
Ben Habib, First Property Group Chief Executive says: “I am very pleased that we have secured Teconnex as a tenant at our warehouse in Tureni. The property is well located and is a first-class warehouse. It has only been a couple of months since the end of the lease to Aquila, and we expect the remaining vacant space to be let soon.” 

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