Kesko's year 2007

46
Kesko's year 2007
Real estate
operations
A store site is a strategic competitive
factor for Kesko. Store sites provide
opportunities for developing business
operations and increasing sales and
market share.
Each of Kesko’s division parent companies is
responsible for its own store sites across their
life cycles. The companies plan their own
retail networks and, on the basis of their network
and business plans, make the investments
in accordance with the Group’s real
estate strategy. The division parent companies
develop their own store sites, manage
their construction, and are responsible for
maintaining, managing, leasing and selling
them.
Real estate property management
For the management of Kesko’s real estate
assets and liabilities, the retail stores and
other real estate properties are classified as
follows:
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Strategic properties are large retail stores
which Kesko prefers to own.
Standard properties are premises owned
by the Group. They can be sold and leased
back for use in the Group’s business
operations.
Realisation properties are those for which
the business has no further use.
Development properties are those needing
further development for their intended
use.
Investments
Kesko’s real estate investments aim to enable
the creation of trading services valued by customers
by anticipating changes in customer
behaviour and the operating environment
and by maintaining the technical condition of
properties.
Kesko invests only in properties needed in
its own business operations. As a result of
Kesko’s internationalisation, investments
outside Finland have become increasingly
important. In Finland, the focus of investments
is changing from new construction to
rebuilding and expansion.
Life cycle affordable and eco-efficient real
estate operations
Kesko’s construction activity is based on life
cycle affordability and eco-efficiency. This
means optimising the costs and decreasing
the environmental burden across the entire
life cycle of a store site. The aim is to build
business premises with the lowest life cycle
costs in the trading sector.
Further development of the eco-efficiency
of existing properties is focused on monitoring
energy consumption and improving
energy use. The aim is to reduce both consumption
and costs.
Kesko has received much recognition for
environmentally responsible construction.
Property maintenance
Maintenance relies on systematisation and
proactivity. Repair work is scheduled to coincide
with the rebuilding necessitated by business
operations.
The management and maintenance of
properties owned or leased by Kesko has been
outsourced to YIT Kiinteistötekniikka Oy and
Ovenia Oy, which carry out the work in
accordance with Kesko’s requirements.
Kestra Real Estate Services Oy, owned by
Kesko, is responsible for purchasing electricity
for the Group.
Kesko participates in
the Fennovoima project
The maintenance and development of the
retail service structure necessitate that
energy production is ensured. A considerable
amount of new basic generation capacity is
needed in Finland by the year 2020. For its
part, Kesko wants to support the total solution
which directs production to the carbon
dioxide free sector, reduces Finland’s dependency
on imported energy and improves the
operation of the electricity market.
Kesko participates in the preliminary survey
stage of the Fennovoima project together
with dozens of local energy companies, and
industrial and service enterprises.