Tung Lok JV to lease part of Tee Yih Jia Building for $1.2 mil over 2 years

SINGAPORE (Jan 4): T&T Gourmet Cuisine, a joint venture company of Tung Lok Restaurants (2000), has agreed to lease part of Tee Yih Jia Building at 1 Senoko Road in Singapore from Tee Yih Jia Food Manufacturing (TYJ) for a term of two years for estimated rental fees amounting to $1.2 million.

Tung Lok holds 50% of food products manufacturer T&T through wholly-owned subsidiary Tung Lok Millennium. The company’s share of the rental fees will amount to some $0.6 million.

Under the agreement, T&T will lease the first and fifth floors of the building, with an estimated floor area of 25,053 sf.

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