UK Crown Estate sues Twitter over alleged non-payment of rent in London office


London
CNN

The Crown Estate, a British commercial property portfolio historically owned by the monarch, has started legal proceedings against Twitter over the tech giant’s alleged non-payment of rent at its London offices, a spokesperson for the CNN told CNN on Monday. real estate sector.

The Crown Estate is managed by an independent board of directors and has a collection of commercial buildings and land which generate profits collected by the UK government for public expenditure.

According to the Crown Estate spokesman, the legal action follows a previous contact with Twitter regarding rental arrears for its offices at 20 Air Street, London. Discussions between the companies are ongoing, the spokesperson added.

CNN has reached out to Twitter for comment.

Twitter is currently facing at least one other unpaid rent lawsuit. A commercial Owner sues Twitter for breach of contract after the company allegedly failed to pay rent for one of its offices in San Francisco.

The lawsuit concerns Twitter’s offices at 650 California Street, not its main headquarters on Market Street. But it came after the media reports said Twitter’s new owner Elon Musk had stopped paying rent for Twitter’s offices around the world – including its headquarters – and told employees not to pay the company’s suppliers, in an apparent effort to cut costs.

Musk acquired Twitter for $44 billion, including a substantial amount of debt financing.

– CNN’s Brian Fung contributed to this report

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