Sydney’s new and fast growing commercial real estate sales and leasing group, X Commercial, has launched a property valuation and advisory service to rival large global brands.

The agency has appointed 40-year veteran in the property industry, Michael Mannix, to head the new service, providing valuation reports, acquisition advice and representation of commercial tenants.

X Commercial’s Chief Executive Officer, Daniel O’Brien, said “The Sydney commercial property market continues to power on and our new advisory service, which has historically only been available with the global brands, is now available for our clients.

“X Commercial is the only independent agency brand in NSW to have an in-house registered valuer in Michael, whose extensive experience, industry contacts and background is a great fit for our agency network and a significant point of difference for us”, he added.

Formerly of MJM Property Group, Mr Mannix, recently headed up the NSW taskforce covering the West and North Connex infrastructure projects and has provided major private and government landowners with investment and management advice, as well as valuations.

The new division of X Commercial will provide valuation reports including analysis of tax and investment analytics, a complete acquisition service - from due diligence to contract negotiations - and commercial tenant representation.

Mr Mannix said “X Commercial is shaking up the property market with scale and a very talented team of agents, who we will backed up by our service in their work for landowners, buyers and tenants”.

X Commercial launched in July through the combination of existing offices in South Sydney, Chatswood and the Inner West, David Brown’s DB Property in Surry Hills, posting very strong sales of more than $110 million during the September quarter.

X Commercial currently operates from four major metropolitan locations from the north to south of the city with 25 sales and leasing agents, over 1,400 commercial properties under management and a solid pipeline of commercial listings across a broad range of suburbs and asset types throughout Sydney.