store sites and properties
Kesko’s store sites are divided into four categories: strategic properties, basic properties, development properties, and realisation properties.
Strategic properties:
- Significant properties for business operations, for example, properties that are or can be developed into large retail units. Properties that Kesko wants to own.
- Strategic properties in 12/2025: 60% (12/2024: 51%, 12/2023: 53%)
Basic properties:
- Properties Kesko owns, but could sell and then lease back.
- Basic properties in 12/2025: 25% (12/2024: 26%, 12/2023: 21%)
Development properties:
- Plots and properties that require development to fit their planned purpose.
- Development properties in 12/2025: 14% (12/2024: 21%, 12/2023: 22%)
Realisation properties:
- Properties Kesko no longer has use for.
- Realisation properties in 12/2025: 2% (12/2024: 1%, 12/2023: 2%)
Kesko’s capital expenditure in store sites in 2025:
- €334 million (1–12/2024: €250 million, 1–12/2023: €286 million).
We continue store network development in line with the growth strategy
Kesko is set to continue growing and updating its store network in grocery trade in particular. In upcoming years, we will invest significantly in strengthening our hypermarket network, especially in growth centres.
In 2025, Kesko opened two new K-Citymarket hypermarkets: a new store in Ideapark, Lempäälä and a store replacing an existing hypermarket in Paavola, Lahti. Kesko leases the Ideapark property and owns the Paavola store site. We opened 13 new K-Supermarket or K-Market stores, and remodelled 45 stores. In January 2026, we opened a new K-Citymarket in Kivistö, Vantaa. Kesko also announced plans to open three new hypermarkets in growth centres in the Greater Helsinki area: in Helsinki, a new K-Citymarket will open in the Redi shopping centre in Kalasatama, while in Vantaa the plan is to build a hypermarket in Tikkurila’s Tikkuri shopping centre where Kesko acquired a controlling interest. In Espoo, construction work has begun on a new K-Citymarket store in the Espoontori shopping centre. Kesko is investing €200–250 million annually in developing its store network. Hypermarkets in growth centres play a key role in network development.
Owned store sites and properties |
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| Book value by region, € million | 2025 | % | 2024 | % |
| Finland | 1,793 | 88.6% | 1,653 | 91.7% |
| Other Nordic countries | 208 | 10.3% | 130 | 7.2% |
| Baltic countries | - | - | - | - |
| Poland | 22 | 1.1% | 20 | 1.1% |
| Total | 2,023 | 100% | 1,804 | 100% |
| Area by region, 1,000 m2 | 2025 | % | 2024 | % |
| Finland | 1,094 | 71.4% | 964 | 77.1% |
| Other Nordic countries | 406 | 26.5% | 254 | 20.3% |
| Baltic countries | - | - | - | - |
| Poland | 33 | 2.2% | 32 | 2.6% |
| Total | 1,534 | 100% | 1,250 | 100% |
| Book value by division, € million | 2025 | % | 2024 | % |
| Grocery trade | 1,389 | 68.7% | 1,206 | 66.8% |
| Building and technical trade | 580 | 28.7% | 248 | 13.8% |
| Car trade | 44 | 2.2% | 40 | 2.2% |
| Others | 10 | 0.5% | 310 | 17.2% |
| Total | 2,023 | 100% | 1,804 | 100% |
| Area by division, 1,000 m2 | 2025 | % | 2024 | % |
| Grocery trade | 765 | 49.9% | 686 | 54.9% |
| Building and technical trade | 715 | 46.6% | 356 | 28.5% |
| Car trade | 53 | 3.5% | 53 | 4.3% |
| Others | 1 | 0.1% | 154 | 12.3% |
| Total | 1,534 | 100% | 1,250 | 100% |
Leased store sites and properties |
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| Area by region, 1,000 m2 | 2025 | % | 2024 | % |
| Finland | 2,167 | 77.6% | 2,204 | 76.7% |
| Other Nordic countries | 541 | 19.4% | 588 | 20.5% |
| Baltic countries | 55 | 2.0% | 48 | 1.7% |
| Poland | 29 | 1.1% | 33 | 1.1% |
| Total | 2,792 | 100% | 2,872 | 100% |
| Area by division, 1,000 m2 | 2025 | % | 2024 | % |
| Grocery trade | 1,587 | 56.8% | 1,394 | 48.5% |
| Building and technical trade | 999 | 35.8% | 869 | 30.3% |
| Car trade | 177 | 6.3% | 172 | 6.0% |
| Others | 29 | 1.0% | 437 | 15.2% |
| Total | 2,792 | 100% | 2,872 | 100% |
