Smartworks to Acquire Singapore-Based Workstudio Spaces, Expanding Footprint
Smartworks announced its proposed acquisition of Singapore-based Workstudio Spaces for approximately 26,000 sq. ft. The deal, expected in July 2026, will expand Smartworks' Singapore footprint to 76,000 sq. ft. with over 1,500 seats, doubling its presence.
The acquisition is significant for the company's international expansion, particularly in a key Asian hub like Singapore, and will double its footprint there. However, it is a single acquisition and not a major financial restructuring or market-altering event.
The acquisition is strategic, expands the company's international presence, and is expected to increase profitability and client base in a key market.
Smartworks Coworking Spaces Limited has announced its proposed acquisition of Workstudio Spaces Pte. Ltd., a Singapore-based flexible workspace provider. Workstudio currently operates a footprint of approximately 26,000 sq. ft. with healthy committed occupancy levels.
The acquisition will be undertaken through Smartworks' wholly owned subsidiary, Smartworks Space Pte. Ltd. The transaction is anticipated to be completed in July 2026, subject to necessary approvals. This strategic move is expected to expand Smartworks' Singapore portfolio to four centers, increasing its footprint to approximately 76,000 sq. ft. and a total seating capacity exceeding 1,500. This expansion will more than double the company's presence in Singapore.
Neetish Sarda, Founder and Managing Director of Smartworks, commented that Singapore is a strategically important market due to strong enterprise demand, a flight to quality, and healthy operating margins. The company's existing centers in Singapore have been profitable. Workstudio is expected to complement Smartworks' current operations by providing access to a high-demand micro-market, diversifying the company's Singapore portfolio, and broadening its enterprise client base.
As of March 31, 2026, Smartworks has a total footprint of approximately 16.1 million sq. ft. across 66 centers in 15 cities in India and Singapore. The company partners with developers to transform commercial assets into managed enterprise campuses.
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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.