Land and buildings of Centro Universitário Metodista IPA will go up for auction in March

The auction for the sale of the land and buildings of the Centro Universitário Metodista (IPA) in Porto Alegre is scheduled for March 7th. The public notice was published this Monday, and the bid has an initial bid of R$ 109,007,556.00. The sale is part of Grupo Metodista’s Tax Recovery Plan, and will only include buildings considered idle.

The institution has been in the process of tax recovery since April 2021. The creditors meeting took place in November last year, and the effective approval took place in December. Despite the financial crisis, the university continues to function in the Capital.

In the auction, which will be in hybrid mode, an area of ​​46.6 thousand square meters will be sold, of which 31 thousand square meters can be used. The remaining area will remain in charge of the Association of the Methodist Church, which will maintain the educational activities.

The event will be held in the stalking horse modality, in which the buyer can show interest before the auction. Preliminary information shows that the Cyrela group would have already presented a purchase proposal, and, according to the bidding rules, has the purchase preference.

Questioned by the report, the institution stated that “the sale of part of the IPA area is part of a restructuring process whose purpose is to maintain Methodist Education. business, according to the sketch disclosed in the public notice”.