US$5 billion sale of Equis Energy prompts Craig Marsh's high-end real estate splurge

The proceeds of the biggest renewable energy deal in history have helped Equis partner Craig Marsh fund a $10 million-plus waterfront property spending spree.

Marsh was revealed as the buyer of a knock-down-rebuild in Mosman for $6.88 million, as well as a waterfront in Noosa Heads for about $4 million, also slated for redevelopment.

Marsh’s splurge follows the US$5 billion sale of renewable energy firm Equis Energy to US fund Global Infrastructure Partners in January, billed in financial media as the largest renewable energy generation acquisition in history.

Marsh, a former Macquarie Group executive who joined Equis in 2014, isn’t the only partner at the renewables fund who has splashed on his real estate dreams in recent months.

Founding partner and chief executive David Russell has reportedly paid close to $20 million for the Melbourne estate in Brighton of cricket legend Shane Warne, and added a Noosa getaway of his own when he paid $18 million for the Sunshine Beach house of IT entrepreneur Danny Wallis.

Marsh’s spending spree only came to light after he settled on his Mosman purchase of a 1940s house on waterfront reserve in Clifton Gardens from the Rosenthal family.

Like the Mosman house, Marsh’s purchase on the Noosa waterfront is also expected to be a rebuild, with DA plans for a rebuild already lodged with Noosa Council.