Founder of specialist developer Isis Land, Spencer spent two years working with Bericote directors Richard Grass and Steven Ferris from 2005 at Astral Developments, before it was sold to Prologis for around £20m in 2007
The takeover gave Prologis control of 30 development sites across the UK. Spencer left Prologis in 2008 and set up Isis Land shortly afterwards. He brings with him management mandates from Aviva Investors and RREEF in Northampton and Leeds.
Bericote director Richard Saint said: “We have a land bank of more than 200 acres which provides for more than 4m sq ft of distribution development.”