Smartworks Completes Capacity Addition Through Acquisition of WorkStudio Spaces Pte. Ltd.
Smartworks completed capacity addition via acquisition of WorkStudio Spaces Pte. Ltd. by its Singapore subsidiary on July 6, 2026. This adds 26,000 sq. ft. to its portfolio, doubling its Singapore footprint to 76,000 sq. ft. The company had 10.1 million sq. ft. operational capacity as of March 31, 2026.
The acquisition adds a significant but not overwhelming amount of capacity and expands the company's presence in a key international market, which is expected to contribute to long-term growth.
The announcement details a strategic acquisition that expands the company's international presence and portfolio, indicating positive growth and market expansion.
Smartworks Coworking Spaces Limited has announced the completion of its proposed capacity addition through the acquisition of WorkStudio Spaces Pte. Ltd., Singapore, by its wholly-owned subsidiary, Smartworks Space Pte. Ltd. This acquisition, which was approved by the Audit Committee, was finalized on July 6, 2026. This move is expected to strengthen Smartworks' presence in Singapore, a key international business hub, by expanding its coworking and flex space portfolio.
The company's existing capacity as of March 31, 2026, stood at 13.7 Million Sq. Ft. leased and 10.1 Million Sq. Ft. operational, with an operational capacity utilization of 82%. The acquisition adds approximately 26,000 Sq. Ft. to the company's portfolio. Smartworks' portfolio in Singapore will now comprise four centers covering around 76,000 sq. ft., more than doubling its footprint in the region over the past two years. This expansion is anticipated to enhance its market presence, improve its ability to serve enterprise clients, and support long-term growth in Asia.
The company has stated that no direct investment was made by Smartworks Coworking Spaces Limited as the acquisition was undertaken by its subsidiary. The details of this capacity addition will also be available on the company's investor website.
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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.