Smartworks Completes Acquisition of Singapore-based WorkStudio Spaces for 2.47 Million SGD
Smartworks Coworking Spaces Limited completed the acquisition of Singapore-based WorkStudio Spaces Pte. Ltd. for 2.47 Million SGD on July 06, 2026. This acquisition strengthens Smartworks' presence in Singapore, expanding its portfolio to four centers and approximately 76,000 sq. ft.
The acquisition is of a step-down subsidiary and the consideration is a relatively small amount in SGD, indicating a medium impact on the overall business.
The acquisition is positive as it expands the company's international presence and market share in a key business hub, with a clear financial consideration.
Smartworks Coworking Spaces Limited has announced the completion of its acquisition of WorkStudio Spaces Pte. Ltd., based in Singapore. This acquisition was made through Smartworks Space Pte. Ltd., a wholly-owned subsidiary of the company.
The total consideration for the acquisition was 2.47 Million Singapore Dollars (SGD), which was paid on July 06, 2026. Following this transaction, WorkStudio Spaces Pte. Ltd. has now become a step-down subsidiary of Smartworks Coworking Spaces Limited.
The acquisition aims to strengthen Smartworks' presence in Singapore by expanding its coworking and flex space portfolio in a key international business hub. This move will increase Smartworks' portfolio in Singapore to four centers, totaling approximately 76,000 sq. ft., more than doubling its footprint over the past two years. This expansion is expected to enhance its market presence, improve its ability to serve enterprise clients, and support long-term growth in Asia. WorkStudio Spaces Pte. Ltd. was incorporated in Singapore on November 20, 2024, and is engaged in providing flexible workspace solutions. Its turnover since incorporation until March 31, 2026, was INR 5.09 Crores. The acquisition falls under related party transactions as an immediate relative of a director holds an interest in the target company's holding company, but it has been conducted on an arm's length basis.
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Smartworks Coworking Spaces Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Smartworks Coworking Spaces Limited. Read the original for the full detail.