LONDON, April 7 (Reuters) - Property investors are nibbling at the discounted Spanish property market, but prices need to fall further to attract some of the biggest spenders, a panel of investors told a distressed real estate conference on Tuesday.
"We are still trying to invest in Spain," confirmed Simon Blaxland, chief executive of the Exmoor Group, speaking at IMN's European Distressed Real Estate Symposium in London.
"If we could get some good quality offices in Madrid, with sustainable rents at two-thirds of the peak, and buy at a 7.5 percent capital rate, we could hit our return targets, but prices are not down to those levels yet," he said.
