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
 
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