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
- In 2019, there were 60% (in 2018: 66%) strategic properties
Basic properties:
- Properties Kesko owns but could sell and then lease back
- In 2019, there were 30% (25%) basic properties
Development properties:
- Plots and properties that require development to fit their planned purpose
- In 2019, there were 9% (8%) development properties
Realisation properties:
- Properties Kesko no longer has use for
- In 2019, there were 1% (1%) realisation properties
Our capital expenditure in store sites totalled €228 million in 2019 (in 2018: €112 million).
| Owned store sites and properties | |||
| Book value by region, € million | 2019 | % | 2018 |
| Finland | 953 | 87,9 | 816 |
| Other Nordic countries | 54 | 5,0 | 37 |
| Baltic countries and Belarus | 62 | 5.7 | 46 |
| Poland | 15 | 1,4 | 0 |
| Total | 1 084 | 100.0 | 899 |
| Area by region, 1,000 m2 | 2019 | % | 2018 |
| Finland | 750 | 80.8 | 616 |
| Other Nordic countries | 75 | 8.1 | 59 |
| Baltic countries and Belarus | 84 | 9.1 | 62 |
| Poland | 19 | 2,0 | 0 |
| Total | 928 | 100.0 | 737 |
| Book value by division, € million | 2019 | % | 2018 |
| Grocery trade | 763 | 70.4 | 658 |
| Building and technical trade | 222 | 20.5 | 169 |
| Car trade | 53 | 4.9 | 50 |
| Others | 46 | 4.2 | 22 |
| Total | 1 084 | 100.0 | 899 |
| Area by division, 1,000 m2 | 2019 | % | 2018 |
| Grocery trade | 516 | 55.6 | 433 |
| Building and technical trade | 298 | 32.1 | 235 |
| Car trade | 47 | 5.1 | 47 |
| Others | 67 | 7.2 | 22 |
| Total | 928 | 100.0 | 737 |
| Leased store sites and properties | |||
| Area by region, 1,000 m2 | 2019 | % | 2018 |
| Finland | 2,359 | 68.5 | 2,397 |
| Other Nordic countries | 390 | 11.3 | 278 |
| Baltic countries and Belarus | 660 | 19.2 | 598 |
| Poland | 37 | 1.1 | 50 |
| Total | 3,446 | 100.0 | 3,323 |
| Area by division, 1,000 m2 | 2019 | % | 2018 |
| Grocery trade | 1,520 | 44.1 | 1,581 |
| Building and technical trade | 1,253 | 36.4 | 1,169 |
| Car trade | 98 | 2.8 | 26 |
| Others | 575 | 16.7 | 547 |
| Total | 3,446 | 100.0 | 3,323 |
