Twitter‘s British landlord stated Tuesday it’s taking the social media to courtroom for not paying lease on its central London places of work.
The Crown Estate, an organization that manages land and property belonging to the British monarchy, stated it has launched authorized motion on the High Court for rental arrears on an workplace area near Piccadilly Circus.
A consultant stated that it had contacted Twitter beforehand and is at present in discussions with the corporate.
Twitter didn’t instantly reply to a request for remark.
Elon Musk, the billionaire CEO of Tesla and SpaceX, purchased Twitter for $44 billion (£35 billion) in October final 12 months.
He sacked half of the workers and reportedly stopped paying lease for workplace area to attempt to increase funds after taking over huge debt to purchase the corporate.
The San Francisco Chronicle reported Monday that the owner of Twitter’s San Francisco headquarters has sued the corporate for allegedly failing to pay nearly $6.8 million in lease for December and January.
Twitter has a London workplace in a posh on Air Street known as Air W1, whose landlord is the Crown Estate.
The Daily Telegraph reported that Twitter’s indicators and logos have been eliminated however a member of workers stated the corporate was nonetheless current there.
Twitter UK started utilizing this workplace in 2014, in response to Companies House, which provides this as its registered deal with.
The Crown Estate is an independently managed portfolio of land, property and different belongings belonging to the monarchy.
Its business earnings goes to the Treasury and the monarch receives an annual allowance of 15 p.c of its earnings known as the Sovereign Grant.
The Crown Estate says it owns greater than 2.6 million sq. ft (241,550 sq. metres) of workplace area in central London.
