King Charles' real estate company is suing Elon Musk's Twitter over unpaid rent
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Pete Syme
Jan 24, 2023, 21:52 IST
King Charles III and Elon Musk.HENRY NICHOLLS/POOL/AFP via Getty Images; Taylor Hill/Getty Images
Twitter faces legal action from the Crown Estate, which manages properties owned by King Charles III.
Insider understands that the estate has begun legal proceedings against Twitter over its London offices.
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Twitter is being taken to court in the UK by the Crown Estate, which manages the property portfolio owned by King Charles III, over an alleged failure to pay rent on its London office.
Insider understands that the Crown Estate has issued court proceedings to Twitter following previous contact with the social-media company over unpaid rent, and that two parties are currently in discussions.
All the Twitter signs and logos have been removed from the London office, but Elon Musk's company still occupies it, according to The Daily Telegraph, which first reported on the lawsuit.
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Employees in Singapore were even temporarily evicted from their office due to nonpayment of rent – before Musk ultimately paid up later that day, Insider's Kali Hays previously reported.
Twitter did not immediately respond to Insider's request for comment.
The Crown Estate manages $19.2 billion worth of properties including 241 in central London, according to its most recent annual report. As the property is ultimately owned by the monarch, three-quarters of the Crown Estate's $384 million net revenue profit goes towards public spending in Britain – with the rest given back to the royal family.
The Guardian reported last week that King Charles had asked for the profits from a $1.2 billion portfolio of offshore wind farms owned by the Crown Estate to be used for public funding.
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