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 |
