US investors snapping up cheap euro assets

US investors are buying European commercial property at a record pace as the dollar’s eight-month rally and struggling economies on the continent make offices, shops and warehouses cheap. 

US spending on European commercial real estate last year was just short of the 2007 peak, said to Real Capital Analytics.

The record may be broken this year after a strong first quarter, said Simon Mallinson, RCA’s managing director for Europe, the Middle East and Africa.