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; Q2/2022: 62% (12/2021: 62%, 12/2020: 64% and 12/2019: 60%).   

Basic properties:

  • Properties Kesko owns but could sell and then lease back
  • Basic properties; Q2/2022: 25% (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; Q2/2022: 13% (12/2021: 11%, 12/2020: 9% and 12/2019: 9%).

Realisation properties:

  • Properties Kesko no longer has use for
  • Realisation properties; Q2/2022: 0% (12/2021: 0%, 12/2020: 1%  and 12/2019: 1%).

Our capital expenditure in store sites totalled; 1-6/2022: €251 million (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 Q2/2022 % 12/2021 % 12/2020 %
Finland 1,120 94.7 1,020 93.9 978 93.3
Other Nordic countries 50 4.2 53 4.9 56 5.3
Baltic countries and Belarus 0 0.0 0 0.0 0 0
Poland 13 1.1 13 1.2 14 1.3
Total 1,183 100.0 1,086 100.0 1,048 100.0
 
Area by region, 1,000 m2 Q2/2022 % 12/2021 % 12/2020 %
Finland 847 88.7 801 88.1 767 87.7
Other Nordic countries 87 9.1 87 9.6 87 9.9
Baltic countries and Belarus 0 0.0 0 0.0 0 0
Poland 21 2.2 21 2.3 21 2.4
Total 955 100.0 909 100.0 875 100.0
 
Book value by division, € million Q2/2022 % 12/2021 % 12/2020 %
Grocery trade 897 75.8 817 75.2 792 75.6
Building and technical trade 169 14.3 166 15.3 159 15.2
Car trade 46 3.9 47 4.3 50 4.8
Others  71 6.0 56 2.2 47 4.5
Total 1,183 100.0 1,086 100.0 1,048 100.0
             
Area by division, 1,000 m2 Q2/2022 % 12/2021 % 12/2020 %
Grocery trade 589 61.7 550 60.5 527 60.2
Building and technical trade 245 25.7 241 26.5 230 26.3
Car trade 50 5.2 50 5.5 50 5.7
Others  71 7.4 68 7.5 68 7.8
Total 955 100.0 909 100.0 875 100.0
             
Leased store sites and properties
Area by region, 1,000 m2 Q2/2022 % 12/2021 % 12/2020 %
Finland 2,234 79.0 2,229 79.6 2,316 80.4
Other Nordic countries 523 18.5 519 18.0 493 17.1
Baltic countries and Belarus 34 1.2 34 1.2 34 1.2
Poland 36 1.3 36 1.2 37 1.3
Total 2,827 100.0 2,888 100.0 2,880 100.0
             
Area by division, 1,000 m2 Q2/2022 % 12/2021 % 12/2020 %
Grocery trade 1,439 50.9 1,480 51.2 1,478 51.3
Building and technical trade 869 30.7 886 30.7 865 30.0
Car trade 96 3.4 100 3.5 98 3.4
Others  423 15.0 422 14.6 439 15.2
Total 2,827 100.0 2,888 100.0 2,880 100.0
 
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