- The Crown Estate is suing Twitter for unpaid rent.
- The company claims to have office space measuring more than 2.6 million square feet in London.
- Twitter UK started working out of this location in 2014.
The Crown Estate, which oversees the real estate holdings owned by King Charles of Britain, is suing Elon Musk’s Twitter for unpaid rent.
The Crown Estate, a business that looks after the British monarchy’s land and assets, reportedly told AFP that it has filed a lawsuit in the High Court for unpaid rent for an office building adjacent to Piccadilly Circus.
According to a spokesman, the company has spoken with Twitter before and is currently in negotiations with them.
Twitter was purchased by billionaire Elon Musk, the CEO of Tesla and SpaceX, in October of last year for $44 billion (£35 billion).
According to the San Francisco Chronicle, Twitter is being sued by its San Francisco landlord for allegedly failing to pay over $6.8 million in rent for the months of December and January.
The Crown Estate is the building’s landlord, and Air W1 on Air Street is where Twitter’s London office is located.
According to Companies House, which lists this as its registered address, Twitter UK started working out of this location in 2014.
The Crown Estate is a collection of monarchy-owned lands, buildings, and other assets that is autonomously administered.
The Treasury receives its commercial revenue, and the sovereign receives a grant each year equal to 15% of its profits, known as the Sovereign Grant.
The Crown Estate claims to be the owner of office space measuring more than 2.6 million square feet (241,550 square metres) in the heart of London.
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