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; Q2/2020: 62% (12/2019: 60%)
Basic properties:
- Properties Kesko owns but could sell and then lease back
- Basic properties; Q2/2020: 28% (12/2019: 30%)
Development properties:
- Plots and properties that require development to fit their planned purpose
- Development properties; Q2/2020: 9% (12/2019: 9%)
Realisation properties:
- Properties Kesko no longer has use for
- Realisation properties; Q2/2020: 1% (12/2019: 1%)
Our capital expenditure in store sites totalled €94 million in 1-6/2020 (€228 million in 2019).
| Owned store sites and properties | ||||
| Book value by region, € million | Q2/2020 | % | 2019 | % |
| Finland | 991 | 89.0 | 953 | 87.9 |
| Other Nordic countries | 51 | 4.6 | 54 | 5.0 |
| Baltic countries and Belarus | 57 | 5.1 | 62 | 5.7 |
| Poland | 14 | 1.3 | 15 | 1.4 |
| Total | 1,113 | 100.0 | 1 084 | 100.0 |
| Area by region, 1,000 m2 | Q2/2020 | % | 2019 | % |
| Finland | 764 | 81.6 | 750 | 80.8 |
| Other Nordic countries | 75 | 8.0 | 75 | 8.1 |
| Baltic countries and Belarus | 76 | 8.1 | 84 | 9.1 |
| Poland | 21 | 2.2 | 19 | 2.0 |
| Total | 936 | 100.0 | 928 | 100.0 |
| Book value by division, € million | Q2/2020 | % | 2019 | % |
| Grocery trade | 804 | 72.2 | 763 | 70.4 |
| Building and technical trade | 212 | 19.0 | 222 | 20.5 |
| Car trade | 52 | 4.7 | 53 | 4.9 |
| Others | 45 | 4.0 | 46 | 4.2 |
| Total | 1,113 | 100.0 | 1 084 | 100.0 |
| Area by division, 1,000 m2 | Q2/2020 | % | 2019 | % |
| Grocery trade | 528 | 56.4 | 516 | 55.6 |
| Building and technical trade | 290 | 31.0 | 298 | 32.1 |
| Car trade | 50 | 5.3 | 47 | 5.1 |
| Others | 68 | 7.3 | 67 | 7.2 |
| Total | 936 | 100.0 | 928 | 100.0 |
| Leased store sites and properties | ||||
| Area by region, 1,000 m2 | Q2/2020 | % | 2019 | % |
| Finland | 2,326 | 68.0 | 2,359 | 68.5 |
| Other Nordic countries | 394 | 11.5 | 390 | 11.3 |
| Baltic countries and Belarus | 667 | 19.5 | 660 | 19.2 |
| Poland | 36 | 1.1 | 37 | 1.1 |
| Total | 3,423 | 100.0 | 3,446 | 100.0 |
| Area by division, 1,000 m2 | Q2/2020 | % | 2019 | % |
| Grocery trade | 1,490 | 43.5 | 1,520 | 44.1 |
| Building and technical trade | 1,250 | 36.5 | 1,253 | 36.4 |
| Car trade | 98 | 2.9 | 98 | 2.8 |
| Others | 585 | 17.1 | 575 | 16.7 |
| Total | 3,423 | 100.0 | 3,446 | 100.0 |
