As part of a share deal, the Velero Group sold its two subsidiaries, Velero Energy Services GmbH (VES) and Contherma GmbH, to the FASTR Group on 30 September 2026. FASTR, specialising in energy contracting, acts as a leading energy services provider and decarbonisation partner for the real estate industry. The transaction also included the takeover of existing district heating and contracting agreements with third-party providers. The sold heating portfolio covers a total of approximately 6,000 residential units.
Strategic Partnership for Decarbonisation
Worna Zohari, Managing Director of the Velero Group, highlighted the importance of this partnership, stating that FASTR would provide a strong partner capable of consistently transitioning the heating supply into a climate-friendly future. He further emphasised that this collaboration represents a significant milestone on the path to a sustainable, decarbonised building stock and is a clear commitment to the active implementation of climate protection within their own portfolio.
Alexander Milde, Interim CEO of the FASTR Group, expressed positive views on integrating his company's experience in energy contracting into Velero's residential portfolio. The joint objective is to advance the modernisation of heating supply and to develop and implement long-term solutions for the decarbonisation of the building stock. This cooperation enables the effective realisation of shared climate goals.
Future-Oriented Modernisation and Operation
As part of this long-term partnership, FASTR will assume responsibility for the modernisation and professional operation of the heating supply systems within the Velero portfolio. The primary goal is to accelerate modernisation measures and progressively decarbonise the heating supply of the existing properties. Velero will remain actively involved in strategic decisions regarding future investments and necessary modernisation measures to ensure coordinated and targeted development.
- —Sale of Velero Energy Services GmbH and Contherma GmbH to FASTR
- —Scope of the heating portfolio: approximately 6,000 residential units
- —Objective: Accelerated decarbonisation and modernisation of heating supply
- —Velero remains strategically involved in decisions
