return academic activity Fundesem is already a bit closer. The people in charge of the Alicante business school just closed with Ivace. new lease will enable them to continue using their existing headquarters for another ten yearsHE last fringe this was on hold so the center could reopen its doors after overcoming the bankruptcy it claimed last summer.
In this way, if everything goes as planned, the lessons They can start next SeptemberAfter the adaptation work of the building you want to have done is completed, European Universityas part of an agreement that will allow you to use these facilities to teach various levels of the socio-sanitary sphere. An agreement that is key to Fundesem’s ability to overcome bankruptcy, as it is the private center that puts the non-refundable funds 1.5 million € Who will pay an annual fee that allows the foundation to liquidate 55% of its debt – the rest is discounted – and also facilitates business school refloat.
The new contract with Ivace is particularly important, as it should be noted that this property, which is owned by Generalitat despite being built on a municipal land plot, caused the business school to claim the competition due to non-payment of rent. After the creditors’ agreement has liquidated the previous balances, A new lease had to be negotiated.
In this sense, the agreed price is around. 290.000 Euro per year plus VATpractically three times the previous number, about 95,000 Euros per year. including a climb permission In order for Fundesem to be able to share your installationsTo carry out the necessary work with the European University.
Regarding the duration, a contract five years, may be extended for another five years, this covers the ten years that the private university center needs at least to be involved in the relaunch of Fundesem.
Next steps
After the creditors agreement is approved by the court and the new lease is closed, those who are now responsible for Fundesem, focus on implementing your new business plan Hand in hand with his new partners, and if all goes according to plan, he plans the return of the classes that will take place next September.
Agreement with Universidad Europea, 1.5 million first injection It will pay euros to creditors, invest around the center 12 million Euros for the modernization, refurbishment, digitization and equipment of the building It is located on Calle Deportistas Hermanos Torres in Alicante. Also expected to be paid 400,000 Euros per year for other concepts.
The purpose of the private campus will be to apply up to four degrees of socio-health here. In particular, those Dentistry, Psychology, Nursing and PhysiotherapyAccording to the information given to the board of trustees of the foundation responsible for Fundesem. It will also collaborate with the business school in its design and promotion. master’s degrees and business courses Taught by Alicante centre.
In return, the European University would guarantee daily management control With the appointment of Fundesem itself three of the five bosses of the new governing council It is also the school principal who must appoint an administrator. Of course, the highest governing body will continue to be the foundation’s board of trustees. businessmen from the province.
Concerning the economic forecasts, the same document is in Fundesem’s generate revenue of about three million For the 2027-2028 academic year More than 300.000 Euro positive net resultif these goals are achieved.
Alicante business school requested voluntary bankruptcy of creditors last July, after Ivace initially rejected the project to transfer some of its facilities to Universidad Europea to pay off the large debts it has. Specifically, the center has accumulated approximately 2.3 million ordinary debts, mostly due to non-payment of the rent of its headquarters.
Later, it was claimed that the administration did not look favorably upon the entry of a private center into public facilities. However, considering the risk of extinction of Fundesem and the need for on-the-job training to strengthen the productive fabric of the province, The Generalitat eventually accepted the plan.supported the settlement proposal put forward by those responsible after it was declared bankrupt.
A property resulting from a three-way operation
The building housing the Fudesem facilities was built in the 1990s as a result of a tripartite agreement between the foundation managing the centre, Alicante City Council and Generalitat. The council handed over the land on which the building was located, and then Impiva – now Ivace of the Ministry of Economy – owned and built the building to provide a permanent headquarters for the business school. . Fundesem, which started to have difficulties in paying the rent with the outbreak of the 2008 crisis and the decrease in the number of students, caused a change in its principals in 2019. However, the new team could not escape the desire to compete.