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
 
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