Finnish retailer Kesko and Valluga-Sijoitus have sold 23 jointly-held store properties to Aberdeen Property Fund Finland.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The deal raised EUR53m (US$73.4m), of which Kesko will receive EUR44m. The company said it will make a gain of around EUR14m, which will show as a non-recurring item in the group’s third-quarter results.


All the stores are being leased back to Kesko, the group confirmed today (3 October).


“The lease agreements allow for terms of between five and ten years, with the option to extend,” a spokesperson for the company said. “The stores’ retail operations will not be impacted. It is business as usual.”


Kesko declined to comment on what use the funds will be put to.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now