British landlord sues Twitter over unpaid rent
Twitter's British landlord announced on Tuesday that it would take the social media site to court for failing to pay rent on its central London offices.
The Crown Estate, a company that manages the British monarchy's land and property, announced that it had filed a legal action in the High Court for rental arrears on an office space near Piccadilly Circus.
A representative stated that it had previously contacted Twitter and is currently in discussions with the company.
Twitter did not respond immediately to a request for comment.
Elon Musk, the billionaire CEO of Tesla and SpaceX, paid $44 billion (£35 billion) for Twitter in October of last year.
He reportedly fired half of the company's employees and stopped paying rent for office space in an attempt to raise funds after incurring massive debt to acquire the company.
According to the San Francisco Chronicle, the landlord of Twitter's San Francisco headquarters has filed a lawsuit against the company for allegedly failing to pay nearly $6.8 million in rent for December and January.
Twitter has a London office in the Air W1 complex on Air Street, which is owned by the Crown Estate.
According to the Daily Telegraph, Twitter's signs and logos have been removed, but a member of staff stated that the company is still present.
According to Companies House, Twitter UK began using this office in 2014 as its registered address.
The Crown Estate is an independently managed portfolio of the monarchy's land, property, and other assets.
Its commercial income is paid to the Treasury, and the monarch receives a Sovereign Grant of 15% of its profits each year.
The Crown Estate claims to own more than 2.6 million square feet (241,550 square metres) of central London office space.