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 2018, there were 66% (in 2017: 69%) strategic properties, Q2 2019 61%

Basic properties:

  • Properties Kesko owns but could sell and then lease back
  • In 2018, there were 25% (24%) basic properties, Q2 2019 28%

Development properties:

  • Plots and properties that require development to fit their planned purpose
  • In 2018, there were 8% (6%) development properties, Q2 2019 11%

Realisation properties:

  • Properties Kesko no longer has use for
  • In 2018, there were 1% (1%) realisation properties, Q2 2019 0%

 

Our capital expenditure in store sites totalled €112 million in 2018 (in 2017: €240 million), January-June 2019 €155 million (January-June 2018 €61 million).

Owned store sites and properties
Book value by region, € million Q2 2019 % 2018 % 2017
Finland 950 89.6 816 90.8 817
Other Nordic countries 54 5.1 37 4.1 40
Baltic countries and Belarus 56 5.3 46 5.1 38
Total 1,060 100.0 899 100.0 895
 
Area by region, 1,000 m2 Q2 2019 % 2018 % 2017
Finland 745 84.4 616 83.6 618
Other Nordic countries 75 8.5 59 8.0 59
Baltic countries and Belarus 63 7.1 62 8.4 78
Total 883 100.0 737 100.0 755
 
Book value by division, € million Q2 2019 % 2018 % 2017
Grocery trade 762 71.9 658 73.2 649
Building and technical trade 230 21.7 169 18.8 167
Car trade 50 4.7 50 5.6 53
Others  18 1.7 22 2.4 26
Total 1,060 100.0 899 100.0 895
           
Area by division, 1,000 m2 Q2 2019 % 2018 % 2017
Grocery trade 524 59.3 433 58.8 420
Building and technical trade 289 32.7 235 31.9 250
Car trade 47 5.3 47 6.4 47
Others  23 2.6 22 3.0 38
Total 883 100.0 737 100.0 755
           
Leased store sites and properties
Area by region, 1,000 m2 Q2 2019 % 2018 % 2017
Finland 2,291 67.4 2,397 72.1 2,407
Other Nordic countries 410 12.1 278 8.4 199
Baltic countries and Belarus 646 19.0 598 18.0 615
Poland 53 1.6 50 1.5 58
Total 3,400 100.0 3,323 100.0 3,279
           
Area by division, 1,000 m2 Q2 2019 % 2018 % 2017
Grocery trade 1,502 44.2 1,581 47.6 1,594
Building and technical trade 1,255 36.9 1,169 35.2 1,111
Car trade 43 1.3 26 0.8 26
Others  600 17.6 547 16.5 548
Total 3,400 100.00 3,323 100.0 3,279
 
Lease liabilities by region, € million     2018 % 2017
Finland     2,380 80.5 2,455
Other Nordic countries     168 5.7 73
Baltic countries and Belarus     390 13.2 350
Poland     19 0.6 15
Total     2,957 100.0 2,892
 
Lease liabilities, € million     2018 2017
No later than one year     400 382
Later than one year and no later than five years     1,354 1,273
Later than five years     1,203 1,237
Total     2,957 2,892
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