Science

Twitter sued for non-payment of rent for London headquarters

PublishedJanuary 24, 2023, 03:38 PM

London, Great Britain)Twitter sued for non-payment of office rent

After buying the American social network, Elon Musk would stop paying the rent of his London headquarters, which is located in premises owned by the British monarchy.

In London, Twitter has been headquartered since 2014 near Piccadilly Circus, in a complex called Air W1 owned by the Crown Estate, one of the largest landowners in the United Kingdom.

REUTERS

The Crown Estate, which manages assets owned by the British monarchy, said on Tuesday it was suing Twitter for failing to pay rent for its London headquarters. A spokesman for Domaine de la Couronne said he has contacted the American social network and is currently in talks with the company, which was bought last year for $44 billion by billionaire Elon Musk.

After the takeover of Twitter, the founder of Tesla and Space X fired half of his employees and stopped paying the rent of several of his offices to save money, according to US media reports. Thus, the company was sued by several owners in the United States.

The company logo has already been removed from the building

In London, Twitter has been headquartered since 2014 near Piccadilly Circus, in a complex called Air W1 owned by Domaine de la Couronne. According to The Telegraph, the social network logo has been removed from the building, but an employee of the company indicated that it is still present in the building. Twitter was not immediately available to comment on this information.

The Crown Estate, one of the largest landowners in the UK, owns property in central London, the Royal Manor of Windsor and the seabed off the coasts of England, Wales and the United Kingdom, Northern Ireland, with assets valued at more than $15 billion. pounds sterling (about 17 billion francs).

Its profits go to the UK budget in accordance with a centuries-old agreement, and the reigning monarch, now Charles III, receives a part, which is returned through annual donations.

(AFP)

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