Twitter sued over “unpaid rent” for the London office

The British landlord said on Twitter on Tuesday that he would take social media to court for not paying rent for his offices in central London.

The Crown Estate, a company that manages lands and properties belonging to the British monarchy, said it has taken legal action to the High Court over rent arrears on office space close to Piccadilly Circus.

A representative said he contacted Twitter previously and is currently in discussions with the company.

Twitter did not immediately respond to a request for comment.

Elon Musk, the billionaire CEO of Tesla and SpaceX, bought Twitter for $44 billion (£35 billion) in October last year.

He fired half of the staff and reportedly stopped paying rent for office space to try to raise money after incurring huge debts to buy out the company.

The San Francisco Chronicle reported Monday that the owner of Twitter’s San Francisco headquarters has sued the company for allegedly failing to pay nearly $6.8 million in rent for December and January.

Twitter has an office in London in a complex on Air Street called Air W1, and the owner of the property is the Crown Estate.

The Daily Telegraph reported that the Twitter signs and logos had been removed but an employee said the company was still there.

Twitter UK began using this office in 2014, according to Companies House, which gives this address as its registered address.

The Crown Estate is an independently managed portfolio of land, property and other assets belonging to the monarchy.

Its trading income goes to the Exchequer and the King receives an annual allowance of 15 percent of his profits called the Sovereign Grant.

The Crown Estate says it owns more than 2.6 million square feet (241,550 square metres) of office space in central London.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *