Smartworks to acquire Singapore-Based Coworking and Flex Space - Workstudio Spaces

Smartworks Coworking Spaces Limited ("Smartworks" or "the Company"), India's largest managed office platform by total area under management, today announced its proposed acquisition of Workstudio Spaces Pte. Ltd. ("Workstudio"), a Singapore-based flexible workspace provider with an operational footprint of ~26,000 sq. ft. and healthy committed occupancy levels, through its wholly owned subsidiary, Smartworks Space Pte. Ltd ("Subsidiary"). The transaction is expected to be completed in July 2026, subject to requisite approval(s).

The proposed acquisition will be met through funds available with the Subsidiary reflecting its disciplined approach to executing strategically aligned transactions at a competitive valuation.

Upon completion, Smartworks' Singapore portfolio is expected to expand to four centres, with its footprint increasing to ~76,000 sq. ft. and total seating capacity exceeding 1,500. This will more than double the Company's presence in Singapore over the last two years, reinforcing its long-term commitment to one of Asia's leading business and financial hubs.

Commenting on the acquisition, Neetish Sarda, Founder and Managing Director, Smartworks, said: "Singapore remains a strategically important market, supported by strong enterprise demand, a clear flight to quality, and structurally healthy operating margins. Our existing centres in Singapore have been profitable over the past two years. Workstudio complements our existing presence by providing access to a high-demand micro-market, diversifying our Singapore portfolio, and broadening our enterprise client base."

The proposed acquisition is expected to broaden Smartworks' enterprise relationships in Singapore, diversify its presence across key business districts, and further strengthen its ability to deliver a consistent, enterprise-grade managed workspace experience across the market.

As of March 31, 2026, Smartworks has a total footprint of ~16.1 million sq. ft. across 66 centres in 15 cities in India and Singapore. The Company partners with developers to transform large commercial assets into fully managed enterprise campuses, integrating workspace design, technology infrastructure, hospitality, and workplace services for enterprises, GCCs, multinational corporations, and high-growth businesses.

Shares of Smartworks Coworking Spaces Limited was last trading in BSE at Rs. 489.20 as compared to the previous close of Rs. 480.75. The total number of shares traded during the day was 7926 in over 250 trades.

The stock hit an intraday high of Rs. 493.55 and intraday low of 475.95. The net turnover during the day was Rs. 3870042.00.

Source : Equity Bulls

Keywords

SmartworksCoworkingSpaces INE0NAZ01010 Acquisition WorkstudioSpaces Singapore