Elon Musk’s Twitter sued over failure to pay £2.6million-a-year rent on London HQ | UK | News


Twitter is being sued by the Crown Estate after allegedly failing to pay rent on its London headquarters. The company, which was recently bought by billionaire Elon Musk for £35billion ($44billion) in October last year, had been occupying two floors of a property on Air Street in Piccadilly Circus but had allegedly failed to pay rent in arrears for its first-floor lease.

According to the Telegraph, the estate in central London belongs to the King, leading the Crown Estate to file a claim against Twitter Incorporated and its UK subsidiary in the High Court.

A Crown Estate spokesman confirmed court proceedings had been issued in the dispute over Twitter’s UK headquarters.

The Crown Estate presides over thousands of acres of Crown-owned land across the UK, including 10 million square feet of property in London’s West End.

Employees of Twitter have operated out of the first floor of the property since 2014, signing a lease for the third floor in 2021 for £2.6million a year.

The dispute is believed to be over the first floor residency, for which the rent arrears allegedly remain unpaid.

All Twitter signs and logos have been removed from the building but a member of staff said the company still had a presence at the site, according to the Telegraph.

A spokesman for the Crown Estate said it had tried to contact Twitter about the alleged rent arrears.

It comes as the 51-year-old billionaire Tesla CEO and Twitter owner Mr Musk is facing a class action lawsuit filed by Tesla investors alleging he misled them with a tweet saying funding was secured to take his electric car company private — for £340 ($420) per share.

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