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Covid sees Hines units breach key loan pledge over student accommodation complexes

Loans of more than €120m on Irish student housing units

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Students Victoria Leblond and Ciara Phelan in Aparto student housing Dorset Point, on Dublin’s Dorset Street. Photo: Frank McGrath

Students Victoria Leblond and Ciara Phelan in Aparto student housing Dorset Point, on Dublin’s Dorset Street. Photo: Frank McGrath

Students Victoria Leblond and Ciara Phelan in Aparto student housing Dorset Point, on Dublin’s Dorset Street. Photo: Frank McGrath

Units connected to US property investment giant Hines have been forced to secure waivers on more than €120m of debt owed to Wells Fargo that was borrowed to acquire student accommodation complexes in Dublin.

The move was a result of the impact of the Covid pandemic on the businesses.


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