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; 06/2021: 62% (12/2020: 64% and 12/2019: 60 %).
Basic properties:
- Properties Kesko owns but could sell and then lease back
- Basic properties; 06/2021: 27% (12/2020: 26% and 12/2019: 30%).
Development properties:
- Plots and properties that require development to fit their planned purpose
- Development properties; 06/2021: 11% (12/2020: 9% and 12/2019: 9%).
Realisation properties:
- Properties Kesko no longer has use for
- Realisation properties; 06/2021: 0% (12/2020: 1% and 12/2019: 1%).
Our capital expenditure in store sites totalled; 1-6/2021 €49 million (1-6/2020 €94 million and 1-12/2020 €126 million).
| Owned store sites and properties | |||||
| Book value by region, € million | 06/2021 | % | 12/2020 | % | 12/2019 |
| Finland | 986 | 93.5 | 978 | 93.3 | 953 |
| Other Nordic countries | 55 | 5.2 | 56 | 5.3 | 54 |
| Baltic countries and Belarus | 0 | 0.0 | 0 | 0 | 62 |
| Poland | 14 | 1.3 | 14 | 1.3 | 15 |
| Total | 1,055 | 100.0 | 1,048 | 100.0 | 1 084 |
| Area by region, 1,000 m2 | 06/2021 | % | 12/2020 | % | 12/2019 |
| Finland | 779 | 87.8 | 767 | 87.7 | 750 |
| Other Nordic countries | 87 | 9.8 | 87 | 9.9 | 75 |
| Baltic countries and Belarus | 0 | 0.0 | 0 | 0 | 84 |
| Poland | 21 | 2.4 | 21 | 2.4 | 19 |
| Total | 887 | 100.0 | 875 | 100.0 | 928 |
| Book value by division, € million | 06/2021 | % | 12/2020 | % | 12/2019 |
| Grocery trade | 794 | 75.3 | 792 | 75.6 | 763 |
| Building and technical trade | 164 | 15.5 | 159 | 15.2 | 222 |
| Car trade | 48 | 4.5 | 50 | 4.8 | 53 |
| Others | 49 | 4.6 | 47 | 4.5 | 46 |
| Total | 1,055 | 100.0 | 1,048 | 100.0 | 1,084 |
| Area by division, 1,000 m2 | 06/2021 | % | 12/2020 | % | 12/2019 |
| Grocery trade | 533 | 60.1 | 527 | 60.2 | 516 |
| Building and technical trade | 234 | 26.4 | 230 | 26.3 | 298 |
| Car trade | 50 | 5.6 | 50 | 5.7 | 47 |
| Others | 70 | 7.9 | 68 | 7.8 | 67 |
| Total | 887 | 100.0 | 875 | 100.0 | 928 |
| Leased store sites and properties | |||||
| Area by region, 1,000 m2 | 06/2021 | % | 12/2020 | % | 12/2019 |
| Finland | 2,308 | 79.9 | 2,316 | 80.4 | 2,359 |
| Other Nordic countries | 511 | 17.7 | 493 | 17.1 | 390 |
| Baltic countries and Belarus | 34 | 1.2 | 34 | 1.2 | 660 |
| Poland | 36 | 1.2 | 37 | 1.3 | 37 |
| Total | 2,889 | 100.0 | 2,880 | 100.0 | 3,446 |
| Area by division, 1,000 m2 | 06/2021 | % | 12/2020 | % | 12/2019 |
| Grocery trade | 1,479 | 51.2 | 1,478 | 51.3 | 1,520 |
| Building and technical trade | 881 | 30.5 | 865 | 30.0 | 1,253 |
| Car trade | 100 | 3.5 | 98 | 3.4 | 98 |
| Others | 429 | 14.8 | 439 | 15.2 | 575 |
| Total | 2,889 | 100.0 | 2,880 | 100.0 | 3,446 |
