In line with its growth strategy Kesko continues to grow and update its network of especially grocery store sites by opening new K-Citymarket hypermarket stores in growth centres. We will also renovate and update 13 K-Citymarket stores in 2024.
Our capital expenditure in store sites in 1–12/2023 totalled €286 million (1–12/2022: €268 million, 1–12/2021: €129 million).
Our store sites are divided into four categories: strategic properties, basic properties, realisation properties, and development properties
Strategic properties:
Basic properties:
Development properties:
Realisation properties:
Owned store sites and properties | |||||
Book value by region, € million | 2023 | % | 2022 | % | 2021 |
Finland | 1,460 | 95.9% | 1,183 | 94.9% | 1,020 |
Other Nordic countries | 47 | 3.1% | 48 | 3.9% | 53 |
Baltic countries | - | - | - | - | - |
Poland | 16 | 1.1% | 15 | 1.2% | 13 |
Total | 1,523 | 100.0% | 1,246 | 100.0% | 1,086 |
Area by region, 1,000 m2 | 2023 | % | 2022 | % | 2021 |
Finland | 922 | 89.2% | 863 | 88.5% | 801 |
Other Nordic countries | 87 | 8.4% | 87 | 8.9% | 87 |
Baltic countries | - | - | - | - | - |
Poland | 25 | 2.4% | 25 | 2.6% | 21 |
Total | 1,034 | 100.0% | 975 | 100.0% | 909 |
Book value by division, € million | 2023 | % | 2022 | % | 2021 |
Grocery trade | 1,097 | 72.0% | 943 | 75.7% | 817 |
Building and technical trade | 181 | 11.9% | 175 | 14.0% | 166 |
Car trade | 42 | 2.8% | 44 | 3.5% | 47 |
Others | 203 | 133% | 84 | 6.7% | 56 |
Total | 1,523 | 100.0 % | 1,246 | 100.0% | 1,086 |
Area by division, 1,000 m2 | 2023 | % | 2022 | % | 2021 |
Grocery trade | 656 | 63.4% | 598 | 61.3% | 550 |
Building and technical trade | 242 | 23.4% | 252 | 25.8% | 241 |
Car trade | 53 | 5.1% | 50 | 5.1% | 50 |
Others | 83 | 8.0% | 75 | 7.7% | 68 |
Total | 1 034 | 100.0% | 975 | 100.0% | 909 |
Leased store sites and properties | |||||
Area by region, 1,000 m2 | 2023 | % | 2022 | % | 2021 |
Finland | 2,210 | 77.0% | 2,232 | 78.4% | 2,299 |
Other Nordic countries | 584 | 20.3% | 538 | 18.9% | 519 |
Baltic countries | 43 | 1.5% | 41 | 1.4% | 34 |
Poland | 34 | 12% | 35 | 1.2% | 36 |
Total | 2,871 | 100.0% | 2,846 | 100.0% | 2,888 |
Area by division, 1,000 m2 | 2023 | % | 2022 | % | 2021 |
Grocery trade | 1,411 | 49.1% | 1,434 | 50.4% | 1,480 |
Building and technical trade | 852 | 29.7% | 883 | 31.0% | 886 |
Car trade | 163 | 5.7% | 96 | 3.4% | 100 |
Others | 445 | 15.5% | 433 | 15.2% | 422 |
Total | 2,871 | 100.0% | 2,846 | 100.0 % | 2,888 |