Kesko plans to have the new main office building and a K-food store in Ruskeasuo, Helsinki

KESKO PRESS RELEASE 22.07.2015 AT 09.10 1(1)

Kesko plans to have its new main office building, the so-called 'K-kampus', in Ruskeasuo, Helsinki by 2018. The new premises would accommodate the majority of Kesko Group's functions in the Greater Helsinki area. The aim is also to open a new K-food store on the same property. The area at the crossing of Mannerheimintie and Hakamäentie streets in the Ruskeasuo district of Helsinki is excellent for the Kesko personnel, Kesko's stakeholders and the planned K-food store's customers alike in terms of both location and transport links.

Kesko's objective is to bring most of its functions in the Greater Helsinki area together under one roof by 2018. The aim is to have a new office complex built for use by Kesko in the so-called Manskun Rasti area to accommodate the functions of Kesko's common operations, the grocery trade and the building and home improvement trade in the Greater Helsinki area. A new K-food store would also be opened in the building. The functions of Kesko's car trade, agricultural and machinery trade, leisure trade, or those of the logistics company Keslog Ltd are not planned to be transferred to the premises.

- Bringing Kesko personnel together on a common K-kampus underpins our strategy of a more uniform Kesko and our objectives for efficient operations. It will enable us to make better use of skills and cooperate across the divisional boundaries, says President and CEO Mikko Helander.

Kesko has entered into a conditional cooperation agreement on the project with Skanska. The final execution of the project is conditional on the decisions of the authorities related to, among other things, land use planning and surrender of land, that are prepared by the Real Estate Department and the City Planning Department.

Kesko's main office building, located in Katajanokka, Helsinki, was completed in 1939. It is planned to be converted mainly to residential and hotel use.

An image of K-kampus is available in Kesko's material bank at http://aineistopankki.kesko.fi in the Current topics file.

Further information is available from Merja Haverinen, Vice President, Group Communications, Kesko Corporation, tel. +358 105 322 764.

Kesko (www.kesko.fi) is one of the Global 100 Most Sustainable Corporations in the World. We are a retail specialist whose chains have about 2,000 stores in the Nordic and Baltic countries, Russia, and Belarus. Our stores offer quality to the daily lives of consumers.

Skanska's (www.skanska.fi) operations in Finland cover construction services, residential and commercial project development and public sector life cycle projects. Construction services include building construction, building services, and civil and environmental construction.