Twitter’s British landlord mentioned Tuesday it’s taking the social media to court docket for not paying hire on its central London workplaces.
The Crown Property, an organization that manages land and property belonging to the British monarchy, mentioned it has launched authorized motion on the Excessive Court docket for rental arrears on an workplace house near Piccadilly Circus.
A consultant mentioned that it had contacted Twitter beforehand and is presently 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 employees and reportedly stopped paying hire for workplace house to attempt to elevate 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 virtually $6.8 million in hire for December and January.
Twitter has a London workplace in a posh on Air Road known as Air W1, whose landlord is the Crown Property.
The Each day Telegraph reported that Twitter’s indicators and logos have been eliminated however a member of employees mentioned the corporate was nonetheless current there.
Twitter UK started utilizing this workplace in 2014, based on Firms Home, which supplies this as its registered deal with.
The Crown Property 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 Property says it owns greater than 2.6 million sq. ft (241,550 sq. metres) of workplace house in central London.