Kesko to purchase plots in Lahti in a continued effort to update its network of grocery store sites in line with its growth strategy
Kesko has purchased two plots at Kauppakatu 16 in the city of Lahti from Luhta-Kiinteistöt Oy. The deal is part of Kesko’s growth strategy, which involves updating existing grocery stores and opening several new ones in Finnish growth centres in upcoming years. Sales of Kesko’s K-Citymarket hypermarket stores in particular have been growing considerably, and the hypermarkets have a crucial impact on the profitability and market share of Kesko’s grocery store business.Kesko intends to use the purchased plots to build a new hypermarket. The store will replace the K-Citymarket in Paavola,