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Golden Age
Jeff Xu's Golden Age manages an A$10B+ portfolio of residential, commercial, and hospitality projects across Melbourne and Sydney.
Golden Age
Golden Age operates through three interconnected units — Property Development, Funds Management, and Asset Management — across Melbourne and Sydney. The firm's listed principals include Jeff Xu alongside Danny and Emile Hanna. Its origins trace to a single restaurant, Hu Tong, which evolved into a broader hospitality division alongside a now-substantial property portfolio. The group has completed iconic residential towers including Collins House and The Emerald in Melbourne, alongside The Harrington Collection in Sydney. The firm's development strategy favors large-scale, architecturally ambitious projects in prime urban corridors. Asset classes span luxury residential, commercial office, and mixed-use retail. Noteworthy pipeline projects include 130 Little Collins, a boutique commercial strata office in Melbourne's Paris End completed in 2024, and SKY SQR, a 72,000 sqm residential and retail landmark in Box Hill. The company also retains and operates hospitality assets like Ace Hotel Sydney and the Hu Tong restaurant group, generating recurring asset management income alongside development profits. Operating from a Melbourne base with an active Sydney presence, Golden Age does not report a public AUM figure but claims a development and management portfolio exceeding A$10 billion. In early 2024, Golden Age was named a finalist in three categories at the Urban Developer Awards, and in March 2024 it celebrated the topping out of 130 Little Collins. The firm also sponsors prominent cultural events including the Asian Business Association of Whitehorse festivals, reflecting deep ties within Melbourne's Asian-Australian business community. Golden Age differs from a conventional fund manager by functioning as a vertically integrated developer-operator. It originates its own projects, channels investor capital into those same initiatives via its funds management arm, and retains long-term interests in the resulting hospitality and retail assets. This structure concentrates control and investment opportunity within a single entity, making it resemble a proprietary investment platform more than a traditional third-party manager.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
Oceania
Country
Australia
City
Melbourne
Corporate office
Melbourne, Australia
Additional offices
Sydney, Australia
Principals
Jeff Xu
Principal
Danny Hanna
Principal
Emile Hanna
Principal
Sector focus
Frequently asked questions
Who runs investment decisions at Golden Age?
Principal Jeff Xu leads the group, alongside Danny and Emile Hanna who are also named principals on the firm's website. The investment team operates the Funds Management and Asset Management divisions, executing strategies tied to the group's own development projects.
Is Golden Age structured as a family office or does it operate more like a developer?
Golden Age functions as a vertically integrated property developer and asset manager, not a single-family office. It operates distinct Property Development, Funds Management, and Asset Management units. While family principals are involved, the public structure and external project capital deployment align it with an institutional developer model.
How does Golden Age source its investment opportunities?
Golden Age originates opportunities directly through its in-house development arm rather than acquiring from third parties. Its pipeline is driven by large-scale urban redevelopments it conceives and executes, concentrated in Melbourne and Sydney. The firm's cross-cultural market knowledge, mentioned on its website, is cited as a competitive advantage in site selection and project positioning.
Does Golden Age accept external capital or invest solely its own balance sheet?
Golden Age accepts external capital through its Funds Management arm, which it describes as a partnership with investors. The firm deploys investor money into its own development projects, blending proprietary and external capital within a single pipeline. It does not disclose separate fund vehicles, but the model implies a series of project-specific syndications or mandates.
What investment stages and asset classes does Golden Age target?
The firm focuses on development-stage residential, commercial office, and mixed-use retail projects. It also retains and operates completed hospitality assets like Ace Hotel Sydney and the Hu Tong restaurant group, bridging development and long-term operational ownership.
How does Golden Age's hospitality division relate to its property business?
Hospitality is both an origin story and an ongoing vertical at Golden Age. Starting with Hu Tong restaurant, the group now operates multiple venues including Ace Hotel Sydney. These assets are held within the Asset Management unit, providing recurring income and placemaking elements that support the residential and commercial properties around them.
What is Golden Age's geographic focus?
Golden Age concentrates on Australia's eastern seaboard, with active development projects in Melbourne and Sydney. Specific Melbourne precincts include the CBD, Box Hill, Brighton, East Melbourne, and Glen Waverley, while Sydney activity spans Surry Hills, Double Bay, and Waterloo.
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