store sites and properties
The store site network is a strategic competitive factor for K Group. It enables the development of our business operations as well as the improvement of sales and customer satisfaction, while also supporting online sales.
Our store sites are divided into four categories: strategic properties, basic properties, realisation properties, and development properties
Strategic properties:
- Properties Kesko wants to own
- Significant properties for business operations, for example, properties that are or can be developed into large retail units
- Strategic properties; Q2/2023: 56% (12/2022: 59%, 12/2021: 62%).
Basic properties:
- Properties Kesko owns but could sell and then lease back
- Basic properties; Q2/2023: 25% (12/2022: 27%, 12/2021: 27%).
Development properties:
- Plots and properties that require development to fit their planned purpose
- Development properties; Q2/2023: 19% (12/2022: 14%, 12/2021: 11%).
Realisation properties:
- Properties Kesko no longer has use for
- Realisation properties; Q2/2023: 0% (12/2022: 0%, 12/2021: 0%).
Our capital expenditure in store sites totalled; Q2/2023 €127.6 million (1-12/2022: €268 million, 1-12/2021: €129 million).
| Owned store sites and properties | |||||
| Book value by region, € million | Q2/2023 | % | 2022 | % | 2021 |
| Finland | 1,298 | 95.5% | 1,183 | 94.9% | 1,020 |
| Other Nordic countries | 45 | 3.3% | 48 | 3.9% | 53 |
| Baltic countries | 0 | 0.0% | 0 | 0.0% | 0 |
| Poland | 16 | 1.2% | 15 | 1.2% | 13 |
| Total | 1,359 | 100.0% | 1,246 | 100.0% | 1,086 |
| Area by region, 1,000 m2 | Q2/2023 | % | 2022 | % | 2021 |
| Finland | 885 | 88.8% | 863 | 88.5% | 801 |
| Other Nordic countries | 87 | 8.7% | 87 | 8.9% | 87 |
| Baltic countries | 0 | 0.0% | 0 | 0.0% | 0 |
| Poland | 25 | 2.5% | 25 | 2.6% | 21 |
| Total | 997 | 100.0% | 975 | 100.0% | 909 |
| Book value by division, € million | Q2/2023 | % | 2022 | % | 2021 |
| Grocery trade | 1,000 | 73.6% | 943 | 75.7% | 817 |
| Building and technical trade | 170 | 12.5% | 175 | 14.0% | 166 |
| Car trade | 44 | 3.2% | 44 | 3.5% | 47 |
| Others | 145 | 10.7% | 84 | 6.7% | 56 |
| Total | 1,359 | 100.0% | 1,246 | 100.0% | 1,086 |
| Area by division, 1,000 m2 | Q2/2023 | % | 2022 | % | 2021 |
| Grocery trade | 621 | 62.3% | 598 | 61.3% | 550 |
| Building and technical trade | 248 | 24.9% | 252 | 25.8% | 241 |
| Car trade | 53 | 5.3% | 50 | 5.1% | 50 |
| Others | 75 | 7.5% | 75 | 7.7% | 68 |
| Total | 997 | 100.0% | 975 | 100.0% | 909 |
| Leased store sites and properties | |||||
| Area by region, 1,000 m2 | Q2/2023 | % | 2022 | % | 2021 |
| Finland | 2,225 | 77.3% | 2,232 | 78.4% | 2,299 |
| Other Nordic countries | 577 | 20.0% | 538 | 18.9% | 519 |
| Baltic countries | 42 | 1.5% | 41 | 1.4% | 34 |
| Poland | 35 | 1.2% | 35 | 1.2% | 36 |
| Total | 2,879 | 100.0% | 2,846 | 100.0% | 2,888 |
| Area by division, 1,000 m2 | Q2/2023 | % | 2022 | % | 2021 |
| Grocery trade | 1,426 | 49.5% | 1,434 | 50.4% | 1,480 |
| Building and technical trade | 856 | 29.7% | 883 | 31.0% | 886 |
| Car trade | 148 | 5.1% | 96 | 3.4% | 100 |
| Others | 449 | 15.6% | 433 | 15.2% | 422 |
| Total | 2,879 | 100.0% | 2,846 | 100.0 % | 2,888 |
