UK Crown Estate sues Twitter over alleged non-payment of rent at London offices | CNN Business


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The Crown Estate, a portfolio of British commercial properties that has historically belonged to the monarch, has launched legal proceedings against Twitter over the tech giant’s alleged failure to pay rent for London offices, a spokesman for the real estate business told CNN on Monday.

The Crown Estate is run by an independent board and has a collection of commercial buildings and land that generate profit which is collected by the British government for public expenditure.

According to the Crown Estate spokesperson, the legal action follows previous contact with Twitter regarding rent arrears for its office space at 20 Air Street, London. Talks between the companies continue, the spokesperson added.

CNN has reached out to Twitter for comment.

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

The lawsuit concerns Twitter’s office space at 650 California Street, not its main Market Street headquarters. But it came after media reports said Twitter’s new owner, Elon Musk, had stopped paying rent on Twitter office space around the world, including its headquarters, and had told employees to not 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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