Smartworks Completes Acquisition of Singapore-Based Workstudio Spaces

Smartworks Coworking Spaces Limited ("Smartworks" or "the Company"), India's largest managed office platform by total area under management, today announced the completion of its acquisition of Workstudio Spaces Pte. Ltd. ("Workstudio"), a Singapore-based coworking and flexible workspace provider, through its wholly owned subsidiary, Smartworks Space Pte. Ltd.

The completion of the acquisition further strengthens Smartworks' presence in Singapore's enterprise workspace market and expands its managed office portfolio in one of Asia's leading business hubs. With the addition of Workstudio, Smartworks' Singapore portfolio has expanded to four operational centres, increasing its footprint to ~76,000 sq. ft. with a seating capacity of over 1,500.

The acquisition also brings over 45 clients across diverse industry sectors into the Company's Singapore portfolio.

Commenting on the development, Neetish Sarda, Founder and Managing Director, Smartworks, said: "This acquisition marks an important step in our Singapore journey. Singapore remains a strategic market for us - in just two years, we have more than doubled our footprint here. Workstudio complements our existing portfolio well and strengthens our offering for enterprise clients in the city."

Soroush Ostovari, Sales Director, Singapore said, "It's an exciting time to be part of Singapore's flexible workspace story. Over the past few years, we've seen a clear shift in how enterprises think about their workplace - flex space is mainstream and gradually becoming a deliberate choice for organisations that want quality, speed, and the ability to scale. Demand across Singapore's CBD has only grown stronger, and that momentum shows no signs of slowing. Being part of Smartworks brings real excitement - their proven model, operational expertise, and scale give us the platform to serve that demand at a much higher level. We're looking forward to what comes next for our team and our clients."

Workstudio further strengthens Smartworks' presence in Singapore, with its strategic location offering strong connectivity. The upcoming Prince Edward MRT station is set to enhance accessibility and further strengthen the centre's appeal to enterprise occupiers. The addition diversifies Smartworks' Singapore portfolio beyond its existing locations and broadens its addressable client base across the city's key business districts.

Shares of Smartworks Coworking Spaces Limited was last trading in BSE at Rs. 470.85 as compared to the previous close of Rs. 474.25. The total number of shares traded during the day was 595 in over 47 trades.

The stock hit an intraday high of Rs. 478.80 and intraday low of 469.65. The net turnover during the day was Rs. 281054.00.

Source : Equity Bulls

Keywords

SmartworksCoworkingSpaces INE0NAZ01010 Acquisition Singapore WorkstudioSpaces