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 | |