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
  • In 2018, there were 66% (in 2017: 69%) strategic properties

Basic properties:

  • Properties Kesko owns but could sell and then lease back
  • In 2018, there were 25% (24%) basic properties

Development properties:

  • Plots and properties that require development to fit their planned purpose
  • In 2018, there were 8% (6%) development properties

Realisation properties:

  • Properties Kesko no longer has use for
  • In 2018, there were 1% (1%) realisation properties

 

Our capital expenditure in store sites totalled €112 million in 2018 (in 2017: €240 million). 

Owned store sites and properties
Book value by region, € million 2018 % 2017
Finland 816 90.8% 817
Other Nordic countries 37 4.1% 40
Baltic countries and Belarus 46 5.1% 38
Total 899 100.0% 895
 
Area by region, 1,000 m2 2018 % 2017
Finland 616 83.6% 618
Other Nordic countries 59 8.0% 59
Baltic countries and Belarus 62 8.4% 78
Total 737 100.0% 755
 
Book value by division, € million 2018 % 2017
Grocery trade 658 73.2% 649
Building and technical trade 169 18.8% 167
Car trade 50 5.6% 53
Others  22 2.4% 26
Total 899 100.0 % 895
       
Area by division, 1,000 m2 2018 % 2017
Grocery trade 433 58.8% 420
Building and technical trade 235 31.9% 250
Car trade 47 6.4% 47
Others  22 3.0% 38
Total 737 100.0% 755
       
Leased store sites and properties
Area by region, 1,000 m2 2018 % 2017
Finland 2,397 72.1% 2,407
Other Nordic countries 278 8.4% 199
Baltic countries and Belarus 598 18.0% 615
Poland 50 1.5% 58
Total 3,323 100.0% 3,279
       
Area by division, 1,000 m2 2018 % 2017
Grocery trade 1,581 47.6% 1,594
Building and technical trade 1,169 35.2% 1,111
Car trade 26 0.8% 26
Others  547 16.5% 548
Total 3,323 100.0% 3,279
 
Lease liabilities by region, € million 2018 % 2017
Finland 2,380 80.5% 2,455
Other Nordic countries 168 5.7% 73
Baltic countries and Belarus 390 13.2% 350
Poland 19 0.6% 15
Total 2,957 100.0% 2,892
 
Lease liabilities, € million 2018 2017
No later than one year 400 382
Later than one year and no later than five years 1,354 1,273
Later than five years 1,203 1,237
Total 2,957 2,892
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