About Etosha Capital

Specialising in Scandinavian real estate investments to maximise value and minimise risk for local and international investors.

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Our Vision and Purpose

Facilitating Investment Success

Our vision is to strategically expand our portfolio by acquiring a new asset each year for the next seven years. This growth strategy reflects our commitment to continuous development and investment excellence, ensuring long-term value creation for our investors.

At Etosha Capital, our purpose is to provide exceptional investment opportunities in the Scandinavian real estate market, focusing on delivering sustainable growth and value.

Who We Are

Who is Etosha Capital

Etosha Capital, founded by Rudo Winckler in 2017, specializes in direct investments in foreign territories, with a particular emphasis on the Scandinavian real estate market. We assist both local and international investors in managing investment risks and navigating the complexities of the foreign direct investment market. Our primary focus in recent years has been on direct investments in the retail property market in Denmark.

Etosha Capital has successfully acquired and developed two prime retail properties in Denmark. The first centre is located in Frederiksvaerk, a 45-minute drive from Copenhagen, while the second centre is situated in Skive, approximately four and a half hours from Copenhagen.

We have chosen to concentrate on two distinct retail models:

  • Retail properties with refurbishment opportunities, aimed at enhancing property yield through value engineering processes, conducted in collaboration with the local community and retailers.
  • Retail properties with limited or no improvement required.

These retail shopping centres are typically located in urban and peri- urban areas, focusing on convenience and community shopping.

We effectively manage and mitigate the inherent risks associated with foreign direct investments and different real estate asset classes. Our approach involves leveraging our local investment and real estate expertise, in partnership with Scandinavian in-country partners who have an outstanding track record in real estate asset management and turnaround strategies, both internationally and within Europe, specifically in Scandinavia.

Through our extensive network of local and in-country property, legal, and financial experts, we possess a deep understanding of the market and investors’ needs. This allows us to provide a comprehensive tailored investment opportunity to both local South African and international investors.

Furthermore, we are committed to promoting growth in value through continuous improvements to our existing portfolio of retail assets and an ongoing effort to expand into new markets and territories.

Alliances

Strategic Partnerships

MytiCap

MytiCap is a leading investment firm specializing in Scandinavian real estate. The company provides exclusive access to high-potential properties, leveraging regional expertise and market insights to deliver exceptional investment opportunities.
 
MytiCap is committed to sustainable value creation and helping investors achieve long-term financial growth through strategic asset acquisitions in the Scandinavian market. 
 

Reteam

Reteam Group specializes in creating desirable retail destinations, including shopping centers and city districts. They offer comprehensive solutions for commercial operational strategies, focusing on turnaround and refurbishment projects.
 
With expertise in consumer psychology and buying behavior, Reteam Group helps transform retail spaces into thriving marketplaces. Headquartered in Copenhagen, they operate globally, offering services ready for implementation and leasing.
Investment Opportunity

Overview of the Investment Opportunity

Etosha Capital is a South African based asset management group with existing real estate investments in Scandinavia. Our existing investments are privately held by high-net-worth families based in South Africa and Namibia. The value of our assets is in excess of €25 million, consisting of dominant shopping centres in prominent locations across Denmark.

The team is furthermore promoting growth in value through the continuing expansion of the existing pipeline in Denmark and Sweden. We pride ourselves in the fact that we follow an innovative investment philosophy and develop our investment structures in partnership with our valued investment community.

Meet The Team

Our Team Of Experts

Discover the dedicated professionals driving Etosha Capital's success through their expertise and commitment.

Strategic Partners

Jacques Reyneke

Partner & Founder MytiCap

Jacques Reyneke holds a BSc Construction Management degree and is a strategic partner at MytiCap with extensive experience in real estate investment and asset management. He has a solid background and a proven track record in managing complex projects. He collaborates closely with the team to identify high-potential investment opportunities and ensure successful project execution.

Kathrine Heiberg

CEO & Founder Reteam / MytiCap

Kathrine Heiberg holds a degree from Copenhagen Business School and brings a wealth of expertise to Reteam and MytiCap. She is a dynamic leader with a passion for transforming retail spaces. As a pivotal figure at Reteam Group, she excels in revitalising shopping centres and city districts through innovative strategies and a deep understanding of consumer behaviour.

Lasse Brodén

President & Founder Reteam

Lasse Brodén holds a degree in Marketing Economics and has an extensive background in retail, having worked for companies like IKEA and H&M. He specialises in optimising retail properties and creating sustainable value through innovative strategies and operational excellence.

Etosha Executive Managers

Rudo Winckler

Chief Executive Officer

Rudo Winkler is a chartered accountant with a total of 15 years of property development and property management experience. He is the founder of Etosha Capital and responsible for the overall strategy of the business.

Dirk Schoeman

Chief Operating Officer

Dirk Schoeman is a property specialist with a MBA and MSc in Real Estate. He is responsible for the operations of Etosha Capital with a specialist function of asset, facilities, property and stakeholder management.

Charmonique Klingenberg

Chief Finance Officer

Charmonique is a chartered accountant with extensive experience in the review of organisational controls and working procedures. She is responsible for finance and reporting.

Etosha Team

Liezl Cronjé

Communication and Coordination

Liezl is responsible for executing and monitoring communication strategies to ensure clear and effective internal and external communications. Her expertise in coordination and her proactive approach help maintain high standards of engagement and information flow within the organisation, contributing significantly to the group’s overall success.

Janine du Plessis

Project Administrator

Janine’s role involves coordinating project activities, ensuring timelines are met, and maintaining high standards of efficiency and accuracy. Her dedication and organizational skills are vital to the smooth operation and success of our real estate investments.

Ronél de Bruyn

Financial Administrator

Ronel is responsible for overseeing financial transactions, ensuring timely execution of tasks, and upholding high standards of accuracy and efficiency. Her dedication and financial insight are crucial to the effective management and growth of our real estate investments.