King Charles Crown Estate launches legal action against Elon Musk’s Twitter


King Charles Crown Estate takes legal action against Elon Musk’s Twitter

The Crown Estate, which manages King Charles’ property portfolio, is taking legal action against Elon Musk’s Twitter over unpaid rent.

According to AFPThe Crown Estate, a company that manages land and property belonging to the British monarchy, said it has taken legal action in the High Court over rent arrears on an office space near Piccadilly Circus.

A representative said it had previously contacted Twitter and is currently in discussions with the company.

Elon Musk, the billionaire CEO of Tesla and SpaceX, bought Twitter last October for $44 billion (£35 billion).

The San Francisco Chronicle reported that the landlord of Twitter’s San Francisco headquarters has sued the company for allegedly failing to pay nearly $6.8 million in rent for December and January.

Twitter has an office in London in a complex on Air Street called Air W1, the lessor of which is Crown Estate.

Twitter UK started using this office in 2014, according to Companies House, which lists it as a registered address.

The Crown Estate is an independently managed portfolio of land, real estate and other assets belonging to the monarchy.

The commercial revenues go to the Treasury and the monarch receives an annual stipend of 15 percent of his profits, the Sovereign Grant.

The Crown Estate says it owns more than 2.6 million square feet (241,550 square meters) of office space in central London.

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