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; 12/2021: 62% (12/2020: 64% and 12/2019: 60%).   

Basic properties:

  • Properties Kesko owns but could sell and then lease back
  • Basic properties; 12/2021: 27% (12/2020: 26% and 12/2019: 30%).

Development properties:

  • Plots and properties that require development to fit their planned purpose
  • Development properties; 12/2021: 11% (12/2020: 9% and 12/2019: 9%).

Realisation properties:

  • Properties Kesko no longer has use for
  • Realisation properties; 12/2021: 0% (12/2020: 1%  and 12/2019: 1%).

Our capital expenditure in store sites totalled; 1-12/2021 €129 million (1-12/2020 €126 million and 1-12/2019 €228 million). 

Owned store sites and properties
Book value by region, € million 12/2021 % 12/2020 % 12/2019
Finland 1,020 93.9 978 93.3 953
Other Nordic countries 53 4.9 56 5.3 54
Baltic countries and Belarus 0 0.0 0 0 62
Poland 13 1.2 14 1.3 15
Total 1,086 100.0 1,048 100.0 1 084
 
Area by region, 1,000 m2 12/2021 % 12/2020 % 12/2019
Finland 801 88.1 767 87.7 750
Other Nordic countries 87 9.6 87 9.9 75
Baltic countries and Belarus 0 0.0 0 0 84
Poland 21 2.3 21 2.4 19
Total 909 100.0 875 100.0 928
 
Book value by division, € million 12/2021 % 12/2020 % 12/2019
Grocery trade 817 75.2 792 75.6 763
Building and technical trade 166 15.3 159 15.2 222
Car trade 47 4.3 50 4.8 53
Others  56 2.2 47 4.5 46
Total 1,086 100.0 1,048 100.0 1,084
           
Area by division, 1,000 m2 12/2021 % 12/2020 % 12/2019
Grocery trade 550 60.5 527 60.2 516
Building and technical trade 241 26.5 230 26.3 298
Car trade 50 5.5 50 5.7 47
Others  68 7.5 68 7.8 67
Total 909 100.0 875 100.0 928
           
Leased store sites and properties
Area by region, 1,000 m2 12/2021 % 12/2020 % 12/2019
Finland 2,229 79.6 2,316 80.4 2,359
Other Nordic countries 519 18.0 493 17.1 390
Baltic countries and Belarus 34 1.2 34 1.2 660
Poland 36 1.2 37 1.3 37
Total 2,888 100.0 2,880 100.0 3,446
           
Area by division, 1,000 m2 12/2021 % 12/2020 % 12/2019
Grocery trade 1,480 51.2 1,478 51.3 1,520
Building and technical trade 886 30.7 865 30.0 1,253
Car trade 100 3.5 98 3.4 98
Others  422 14.6 439 15.2 575
Total 2,888 100.0 2,880 100.0 3,446
 
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