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; Q4/2020: 64% (12/2019: 60%)   

Basic properties:

  • Properties Kesko owns but could sell and then lease back
  • Basic properties; Q4/2020: 26% (12/2019: 30%) 

Development properties:

  • Plots and properties that require development to fit their planned purpose
  • Development properties; Q4/2020: 9% (12/2019: 9%) 

Realisation properties:

  • Properties Kesko no longer has use for
  • Realisation properties; Q4/2020: 1% (12/2019: 1%)  

Our capital expenditure in store sites totalled €126 million in 1-12/2020 (€228 million in 2019).

Owned store sites and properties
Book value by region, € million 2020 % 2019 %
Finland 978 93.3 953 87.9
Other Nordic countries 56 5.3 54 5.0
Baltic countries and Belarus 0 0 62 5.7
Poland 14 1.3 15 1.4
Total 1,048 100.0 1 084 100.0
 
Area by region, 1,000 m2 2020 % 2019 %
Finland 767 87.7 750 80.8
Other Nordic countries 87 9.9 75 8.1
Baltic countries and Belarus 0 0 84 9.1
Poland 21 2.4 19 2.0
Total 875 100.0 928 100.0
 
Book value by division, € million 2020 % 2019 %
Grocery trade 792 75.6 763 70.4
Building and technical trade 159 15.2 222 20.5
Car trade 50 4.8 53 4.9
Others  47 4.5 46 4.2
Total 1,048 100.0 1,084 100.0
         
Area by division, 1,000 m2 2020 % 2019 %
Grocery trade 527 60.2 516 55.6
Building and technical trade 230 26.3 298 32.1
Car trade 50 5.7 47 5.1
Others  68 7.8 67 7.2
Total 875 100.0 928 100.0
         
Leased store sites and properties
Area by region, 1,000 m2 2020 % 2019 %
Finland 2,316 80.4 2,359 68.5
Other Nordic countries 493 17.1 390 11.3
Baltic countries and Belarus 34 1.2 660 19.2
Poland 37 1.3 37 1.1
Total 2,880 100.0 3,446 100.0
         
Area by division, 1,000 m2 2020 % 2019 %
Grocery trade 1,478 51.3 1,520 44.1
Building and technical trade 865 30.0 1,253 36.4
Car trade 98 3.4 98 2.8
Others  439 15.2 575 16.7
Total 2,880 100.0 3,446 100.0
 
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