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Teconnex comes to Cluj Napoca

Alex Hayes 08 March 2018

Alex Hayes

Journalist

+48 22 356 25 20
alex.hayes@eurobuildcee.com

Alexander Hayes is currently working as a journalist for Eurobuild Central & Eastern Europe magazine. Originally from the UK, he moved to Poland in 1995 and has been working in real estate for over four years. He has a BA in english literature from the University of Buckingham.

ROMANIA First Property Group has entered into a lease with Teconnex, for around one-third of its warehouse in Tureni, Romania. The rent payable by Teconnex comes to around EUR 135,000 per annum.

Located on the DN1/E81 road, the 8.575 sqm 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 app. EUR 266 mln.

Teconnex is a designer and manufacturer of V-clamps for the automotive, aerospace and industrial sectors. It is UK based, with operations in China, and is part of the Hexadex group.

The entire warehouse had previously been leased to Aquila Part Prod Com, which vacated the premises on January 15th 2018.

Commenting on the lease, Ben Habib, CEO of First Property, said: “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 leased soon.”


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