We analyse a class of four-dimensional heterotic ground states with N = 2 space-time supersymmetry. From the ten-dimensional perspective, such models can be viewed as compactifications on a six-dimensional manifold with SU(2) holonomy, which is locally but not globally K3 × T 2 . The maximal N = 4 supersymmetry is spontaneously broken to N = 2. The masses of the two massive gravitinos depend on the (T, U) moduli of T 2 . We evaluate the one-loop threshold corrections of gauge and R 2 couplings and we show that they fall in several universality classes, in contrast to what happens in usual K3 × T 2 compactifications, where the N = 4 supersymmetry is explicitly broken to N = 2, and where a single universality class appears. These universality properties follow from the structure of the elliptic genus. The behaviour of the threshold corrections as functions of the moduli is analysed in detail: it is singular across several rational lines of the T 2 moduli because of the appearance of extra massless states, and suffers only from logarithmic singularities at large radii. These features differ substantially from the ordinary K3 × T 2 compactifications, thereby reflecting the existence of spontaneously-broken N = 4 supersymmetry. Although our results are valid in the general framework defined above, we also point out several properties, specific to orbifold constructions, which might be of phenomenological relevance.