Spencer moves Nex and man cave from the City

BILLIONAIRE Michael Spencer is moving his new broking business — complete with personal “man cave” — from Broadgate to a new home on the fringes of the City, the Standard understands.

Property sources say NEX — his electronic broking firm which is what was left after he sold his traditional voicebroking business and the Icap name to interdealer broker Tullett Prebon last year — will take 110,000 square feet in the London Fruit & Wool Exchange, Exemplar Property’s new development in Spitalfields.

That will mean Spencer (pictured) moving his office — including piles of books and huge models of a Concorde and a Boeing 707 — to a new headquarters just outside the traditional boundaries of the Square Mile. The building is due for completion next year and tenants include global law firm Ashurst.

News of the move came as Land Securities confirmed exclusive talks with Deutsche Bank over taking space at 21 Moorfields, as tipped by the Standard this month. The pair are negotiating over design to the building above Moorgate Tube which “will take several months”, it added.

@russ_lynch