King Charles’ Real Estate Firm Sues Twitter Over Unpaid Rent

King Charles’ Real Estate Firm Sues Twitter Over Unpaid Rent

  • Twitter faces authorized action from the Crown Estate, which manages homes owned by King Charles III.
  • Insider understands that the estate has begun legal proceedings versus Twitter about its London offices.
  • King Charles is the finally operator of the estate, even though has minor day-to-day involvement.

Twitter is getting taken to court docket in the Uk by the Crown Estate, which manages the residence portfolio owned by King Charles III, more than an alleged failure to fork out lease on its London workplace. 

Insider understands that the Crown Estate has issued court proceedings to Twitter following earlier get in touch with with the social-media enterprise over unpaid hire, and that two functions are at this time in discussions.

All the Twitter indicators and logos have been eradicated from the London office, but Elon Musk’s enterprise nonetheless occupies it, according to The Daily Telegraph, which to start with noted on the lawsuit. 

In December 2022, The New York Periods documented that Twitter hadn’t paid rent on any of its offices for weeks. Since then, the landlord for Twitter’s San Francisco headquarters has also begun authorized proceedings against the social-media corporation.

Personnel in Singapore ended up even quickly evicted from their office environment due to nonpayment of lease – ahead of Musk eventually paid out up afterwards that day, Insider’s Kali Hays earlier claimed.

Twitter's office in Soho, Central London.

Twitter’s office environment in Soho, Central London.

James Manning/PA Images by means of Getty Illustrations or photos

Previously this month, Insider documented that Twitter’s New York business office has a cockroach dilemma, with workers also complaining of uncleaned bathrooms and clogged bogs.

This arrives amid a sequence of cost-cutting measures at Twitter, with the workforce minimized from over 7,000 down to 2,300, in accordance to Musk himself. It has also auctioned off just about 250 products from its San Francisco HQ, with a statue of the Twitter bird symbol promoting for $100,000. 

Twitter did not right away answer to Insider’s ask for for comment.

The Crown Estate manages $19.2 billion really worth of houses together with 241 in central London, in accordance to its most latest yearly report. As the house is eventually owned by the monarch, 3-quarters of the Crown Estate’s $384 million web profits earnings goes to community spending in Britain – with the rest provided again to the royal family.

The Guardian reported very last 7 days that King Charles had asked for the revenue from a $1.2 billion portfolio of offshore wind farms owned by the Crown Estate to be made use of for community funding.