store sites and properties

Kesko’s store sites are divided into four categories: strategic properties, basic properties, development properties, and realisation properties.

Strategic properties:

• Significant properties for business operations, for example, properties that are or can be developed into large retail units. Properties that Kesko wants to own.
• Strategic properties in 12/2025: 60% (12/2024: 51%, 12/2023: 53%)
  
  

Basic properties:

• Properties Kesko owns, but could sell and then lease back.
• Basic properties in 12/2025: 25% (12/2024: 26%, 12/2023: 21%)
  
  

Development properties:

• Plots and properties that require development to fit their planned purpose.
• Development properties in 12/2025: 14% (12/2024: 21%, 12/2023: 22%)
  
  

Realisation properties:

• Properties Kesko no longer has use for.
• Realisation properties in 12/2025: 2% (12/2024: 1%, 12/2023: 2%)

Kesko’s capital expenditure in store sites in 2025:

• €334 million (1–12/2024: €250 million, 1–12/2023: €286 million).
  
  

We continue to develop our grocery store network in line with our growth strategy

We are set to continue growing and updating our store network in grocery trade. In upcoming years, we will invest significantly – some €200-250 million per year – in strengthening our supermarket and hypermarket network in particular, especially in growth centres.

CHANGES IN OUR GROCERY STORE NETWORK:

• 2024: 15 new and 44 remodelled stores

• 2025: 15 new and 48 remodelled stores

• 2026: 25 new and 64 remodelled stores

 CHANGES IN THE K-CITYMARKET HYPERMARKET NETWORK:

• 2024:

• K-Citymarket Helsinki Vuosaari – opened in 11/2024 (replaced a K-Supermarket store)

• 2025:

• K-Citymarket Lempäälä Ideapark – opened in 9/2025 (new store)

• K-Citymarket Lahti Paavola – opened in 11/2025 (replaced a KCM store)

• 2026:

• K-Citymarket Vantaa Kivistö – opened in 1/2026 (new store)

• K-Citymarket Kuopio Haapaniemi – opened in 5/2026 (new store)

• K-Citymarket Ylivieska – planned opening in Q4/2026 (replaces a KCM store)

• 2027 onwards:

• K-Citymarket Porvoo Jokiranta – planned opening in spring 2027 (replaces a KCM store)

• K-Citymarket Oulu Ritaportti – planned opening in late 2027 (new store)

• K-Citymarket Helsinki Redi – planned opening in 2027-2028 (replaces a K-Supermarket store)

• K-Citymarket Espoontori – planned opening late in 2028 (new store)

Kesko is also planning a new hypermarket store in Tikkurila, Vantaa.

Acquisitions and divestments