Twitter sued by Crown Estate over alleged unpaid rent at UK HQ

1 year ago 88

Exterior presumption    of Twitter's Piccadilly Circus office  successful  London, United Kingdom connected  November 05, 2022.Image source, Getty Images

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Exterior presumption of Twitter's Piccadilly Circus office successful London

By Andre Rhoden-Paul

BBC News

Twitter is being sued by the Crown Estate implicit alleged unpaid rent for their London headquarters.

The Estate - which oversees a spot portfolio belonging to the King - filed a assertion against Twitter successful the High Court successful London past week, according to Reuters quality agency.

The alleged arrears subordinate to bureau abstraction adjacent Piccadilly Circus successful cardinal London, the BBC has been told.

The societal media elephantine has not responded to requests for comment.

It comes aft Elon Musk, the world's 2nd richest man, paid $44bn (£36bn) to instrumentality power of Twitter successful October past twelvemonth earlier slashing much than fractional of the firm's planetary workforce of astir 7,000.

The Crown Estate took ineligible enactment aft antecedently contacting Twitter astir rental areas implicit bureau abstraction astatine Air Street.

The Estate is 1 of the UK's largest landowners and an autarkic commercialized business, generating nett for the Treasury for nationalist spending. The monarch is past fixed 15% of the yearly surplus of the estate, known arsenic the Sovereign Grant, to enactment authoritative duties

It owns 10 cardinal quadrate ft of spot successful the London's West End, arsenic good arsenic the seabed astir England, Wales and Northern Ireland among different properties.

Musk, who besides owns Tesla and Space X, said Twitter present employs 2,300 people.

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