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 |
