Project management and cost consultancy firm GagaMuller has committed to establishing its Irish headquarters at 76 Baggot Street in Dublin, securing an entire floor spanning 8,048 square feet in a deal that underscores continued demand for premium office space in the capital’s established business districts. The letting represents one of the first significant commercial property transactions of 2025 in Dublin’s traditional office quarter.
The building at 76 Baggot Street is owned by Lanthorn, the property investment vehicle headed by prominent Irish developer David Goddard. The transaction demonstrates investor confidence in Dublin’s office market despite broader economic headwinds affecting the commercial real estate sector across Europe. Baggot Street has long been regarded as one of Dublin’s prime business addresses, situated within walking distance of the International Financial Services Centre and adjacent to the capital’s Georgian core.
GagaMuller’s decision to establish its headquarters in this location reflects the ongoing appeal of traditional office locations for professional services firms seeking to maintain visibility and accessibility for clients. The consultancy specializes in project management and cost management services, sectors that have experienced robust growth in Ireland as construction activity and infrastructure investment remain elevated despite recent interest rate pressures.
The letting comes at a time when Dublin’s office market continues to demonstrate resilience, with demand particularly strong for well-located, high-quality space suitable for professional services firms. According to recent market data, vacancy rates in Dublin’s central business district remain significantly lower than in peripheral locations, with established areas like Baggot Street commanding premium rents due to their connectivity and prestige.
The Irish construction and project management sectors have benefited from sustained government investment in infrastructure projects, alongside private sector development activity in residential, commercial and industrial segments. Organizations like Enterprise Ireland have identified construction technology and project management as growth areas within the broader built environment sector, supporting indigenous firms to scale and compete internationally.
Lanthorn’s ownership of the Baggot Street property represents part of a broader portfolio strategy focused on prime Dublin commercial assets. The company has been active in acquiring and upgrading office buildings in established business districts, capitalizing on the ongoing demand from multinational corporations and expanding indigenous businesses seeking prestigious addresses in the capital.
The transaction also reflects the competitive nature of Dublin’s office market, where quality space in prime locations continues to attract strong interest despite concerns about hybrid working patterns potentially reducing overall office demand. Professional services firms like GagaMuller have generally maintained their commitment to physical office presence, viewing workspace as essential for collaboration, client engagement and maintaining company culture.
Industry observers note that full-floor lettings of this scale indicate confidence among growing businesses about future expansion prospects and the need for dedicated headquarters facilities. The 8,048 square feet secured by GagaMuller provides substantial accommodation for a consultancy operation, suggesting the firm anticipates continued growth in its client base and workforce.
Dublin’s office market has shown particular strength in the professional services and financial sectors, with the capital benefiting from its status as a European hub for international business. The IDA Ireland continues to attract foreign direct investment across multiple sectors, creating sustained demand for office accommodation and supporting services including project management and cost consultancy.
The Baggot Street location offers excellent connectivity to Dublin’s wider business ecosystem, with proximity to major financial institutions, legal practices and corporate headquarters. This concentration of professional services creates networking opportunities and facilitates the type of face-to-face client interaction that remains crucial for consultancy businesses despite digital communication advances.
