Smartworks Expands in Singapore, Adds 15,000 Sq. Ft. at Manulife Tower
Smartworks has expanded its Singapore presence by adding 15,000 sq. ft. at Manulife Tower, increasing its total footprint to over 50,000 sq. ft. This expansion supports the growing demand for managed workspaces in Singapore's CBD. The company recently reported FY26 revenue of ₹1,796 crore, a 31% YoY growth.
The expansion in Singapore is a significant step for Smartworks, indicating international growth. While it adds to the company's portfolio and revenue potential, the direct financial impact on the overall company's performance is moderate at this stage, as it is a part of a broader growth strategy.
The announcement details a strategic expansion in a key international market (Singapore) and highlights positive business growth, including record revenue and increased operational footprint. This indicates a healthy and expanding business.
Smartworks Coworking Spaces Limited has expanded its footprint in Singapore by adding over 15,000 sq. ft. of managed office space at Manulife Tower, located in the heart of Singapore's Central Business District (CBD).
This expansion brings the company's total operational area in Singapore to over 50,000 sq. ft. The new space is situated within the LEED Gold and Green Mark Gold-certified Manulife Tower, directly above Telok Ayer MRT station and near Raffles Place MRT. The facility is designed to cater to a wide range of enterprises, including high-growth businesses, Fortune 500 companies, and Global Capability Centres (GCCs).
Neetish Sarda, Founder & Managing Director of Smartworks, commented that Singapore is a strategic priority and a gateway to Asia's business community, with a growing demand for fully serviced workspaces. He expressed confidence in the market's trajectory, citing Singapore's position as a premier business hub and the deepening regional presence of multinational enterprises and GCCs.
The new center at Manulife Tower offers Smartworks' signature managed workspace solutions, including bespoke design, fit-out, private meeting suites, and collaboration zones. This expansion is part of the company's broader growth strategy, following its recent announcement of record FY26 revenue of ₹1,796 crore, a 31% year-on-year increase, and its first full year of reported PAT profitability as a listed company. Smartworks also became the first listed flexible workspace operator in India to surpass 10 million square feet of operational portfolio during the year.
As of March 31, 2026, Smartworks operates approximately 16.1 million square feet across 66 centers in India and Singapore, partnering with developers to transform large assets into managed, enterprise-grade campuses. The company serves over 770 clients, including Fortune 500s, Forbes 2000 names, GCCs, MNCs, and high-growth Indian businesses. Smartworks listed on NSE and BSE on 17 July 2025.
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Smartworks Coworking Spaces Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. 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.